Moody v. Northwestern & Pacific Hypotheek Bank

Citations

• 20 Wash. 413
• 55 P. 568
• 1898 Wash. LEXIS 542

Syllabus

<p>FORECLOSURE SALE—BID IN EXCESS OF JUDGMENT—ACTION BY MORTGAGOR FOR SURPLUS.</p> <p>Where upon the foreclosure of a mortgage the plaintiff in the action bids a sum of money at the sale in excess of the judgment debt and costs, the mortgagor may recover the surplus over the actual amount necessary to satisfy the judgment, in an action against the plaintiff as upon an implied contract.</p>