Home Building & Loan Association v. Blaisdell

290 U.S. 398 (1934)

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Nature of the Case

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Facts

A Minnesota law permitted extensions of the period of redemption from a foreclosure and the sale of real property under a mortgage. Appellees applied for an order extending the period of redemption from a foreclosure sale. Appellant objected upon the ground that the statute was invalid under the federal and state constitutions, and moved that the petition be dismissed. The motion was granted, and a motion for a new trial was denied. On appeal, the Supreme Court of the State reversed the decision of the District Court. Evidence was then taken in the trial court, and appellant renewed its constitutional objections without avail. The court entered its judgment extending the period of redemption to May 1, 1935, subject to the condition that the appellees should pay to the appellant $40 a month through the extended period from May 2, 1933.