Malone v. Roy

HAYNES, C.

In 1888, the defendant, being indebted' to the plaintiff, executed to him a mortgage upon certain real estate to secure payment. In 1892, plaintiff brought an action to foreclose said mortgage, and on March 3,1898, obtained a decree of foreclosure, under which the commissioner sold the mortgaged premises to the plaintiff on April 2, 1898, and no redemption having been effected, the commissioner executed a deed to the plaintiff therefor on October 21,1898. Afterwards, upon plaintiff’s motion, the court entered an order granting the plaintiff a writ of assistance to obtain possession of the premises sold, and from that order defendant appeals.

At the time the mortgage was executed, the statute gave the judgment debtor six months within which to redeem from a sale of real estate. By an act approved February 26, 1897 (Code Civ. Proc., sec. 702), the time within which the debtor might redeem was expended to twelve months; and the only

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question is, Which statute governs? The court below rightly held that the statute in force at the time the mortgage was executed fixed the time within which the right of redemption must be exercised.

At the time this appeal was taken, the question here involved had not been expressly adjudicated in this state; but in the case of

Haynes

v. Tredway, 133 Cal. 400, the question is carefully considered, and this court, following

Barnitz

v. 'Beverly, 163 U. S. 119, directly held “ that' a statute which authorizes the redemption of property sold upon foreclosure of a mortgage, where no right of redemption previously existed, or which extends the period of redemption beyond the time formerly allowed, cannot constitutionally apply to a sale under a mortgage executed before its passage.” (See also

Savings Bank

v.

Barrett,

126 Cal. 417.) It is quite sufficient to cite the above cases, without repeating the arguments upon which the conclusions in those cases were reached.