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FIRST CONST. CREDIT v. SIMONSON LUMBER

No. C0-02-2002.

663 N.W.2d 14 (2003)

FIRST CONSTRUCTION CREDIT, INC., Respondent, v. SIMONSON LUMBER OF WAITE PARK, INC., Appellant.

Court of Appeals of Minnesota.

June 10, 2003.

Attorney(s) appearing for the Case

Brad A. Sinclair, Serkland Law Firm, Fargo, ND, for respondent.

David J. Meyers, Gerald W. Von Korff, Rinke-Noonan, St. Cloud, MN, for appellant.

Considered and decided by TOUSSIANT, Chief Judge, KLAPHAKE, Judge, and SHUMAKER, Judge.

OPINION

GORDON W. SHUMAKER, Judge.

Appellant Simonson Lumber of Waite Park, Inc. (Simonson Lumber) foreclosed a mortgage and bought the property at the foreclosure sale. Respondent First Construction Credit, Inc. (First Construction) later redeemed the property from Simonson Lumber. To redeem the property, First Construction paid Simonson Lumber $14,000 more than was necessary to redeem the property from the foreclosed mortgage. It did so because Simonson...

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