Case Name: Home Owners Loan Corporation, appellee, v. Everett O. Richards et al., appellants
Court: Nebraska Supreme Court
Jurisdiction: Nebraska
Decision Date: 1940-06-28
Citations: 138 Neb. 333
Docket Number: No. 30870
Parties: Home Owners Loan Corporation, appellee, v. Everett O. Richards et al., appellants.
Judges: Heard before Simmons, C. J., Rose, Eberly, Paine, Carter, Messmore and Johnsen, JJ.
Reporter: Nebraska Reports
Volume: 138
Pages: 333–334

Head Matter:
Home Owners Loan Corporation, appellee, v. Everett O. Richards et al., appellants.
293 N. W. 111
Filed June 28, 1940.
No. 30870.
E. E. Richards, for appellants.
R. L. Smith, contra.
Heard before Simmons, C. J., Rose, Eberly, Paine, Carter, Messmore and Johnsen, JJ.

Opinion:
Simmons, C. J.
This case presents the question: Did the trial court err in confirming a sale under a decree of foreclosure? As of the date of the sale, the total due on the decree was $2,-77522. The property was sold for $2,775.22.
Witnesses, with varying- qualifications, testified for both parties as experts on values. Plaintiff's witnesses fixed the value at from $2,000 to $2,500. Defendants' witnesses fixed the value at from $3,200 to $4,500. The elements entering into their determination of values were varied. There is no assurance that a subsequent sale would result in a higher bid.
This court "has on many occasions declined to set aside a confirmation under these circumstances. In Equitable Life Assurance Society v. Buck, ante, p. 203, 292 N. W. 605, this court stated:
"An order confirming a judicial sale under a decree foreclosing a mortgage on real estate will not be reversed on appeal for inadequacy of price, when there was no fraud or shocking discrepancy between the value and sale price, and where there is no satisfactory evidence that a higher bid could be obtained in the event of another sale."
Affirmed.