Murphy v. Financial Development Corp.: Difference between revisions
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*Murphy's refinanced mortgage was assigned to a 2nd lender: Colonial Deposit Company (defendant) | *Murphy's refinanced mortgage was assigned to a 2nd lender: Colonial Deposit Company (defendant) | ||
*In 1981, Murphy lost his job | *In 1981, Murphy lost his job | ||
*Murphy missed his mortgage payments | |||
*The lender picked out a foreclosure sale date | |||
* | * | ||
* | * | ||
Revision as of 15:25, April 9, 2024
| Murphy v. Financial Development Corp. | |
| Court | New Hampshire Supreme Court |
|---|---|
| Citation | 495 A.2d 1245 |
| Date decided | May 24, 1985 |
Facts
- Financial Development Corporation = defendant = lender
- Murphy = plaintiff = mortgagor who financed his mortgage
- In 1980, the home of Murphy in New Hampshire was appraised for $46,000
- Murphy's refinanced mortgage was assigned to a 2nd lender: Colonial Deposit Company (defendant)
- In 1981, Murphy lost his job
- Murphy missed his mortgage payments
- The lender picked out a foreclosure sale date
Resources
