Court Opinion

ID: 9829725
Source: CourtListenerOpinion
Date Created: 2023-09-01 19:33:42.949924+00
Date Added: 2024-06-11T07:43:04.796228
License: Public Domain

On Motions for Rehearing.
We have carefully considered the motions for rehearing and have concluded both should be refused. An admission in appellees’ motion shows that their suit for foreclosure was rendered moot by their recovery of the title, for they frankly state that they do not recognize the right in any one to pay off the indebtedness and redeem the land. Certainly they have the right to decline to permit the land to be redeemed, for they own it. But if they own the land so as to enable them to refuse to permit it to be redeemed, they own no lien thereon which they are entitled to foreclose, for the right of the lienholder to foreclose is correlative to the right of the debtor or his successor in interest to redeem. We have been able to find no case in point. But it is clear on principle that no right can exist to foreclose where there is no equity of redemption to be foreclosed.
Motions refused.