Murphy v. Financial Development Corp.
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| 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
- Soon, Murphy paid the regular monthly payments; nevertheless, he couldn't pay the overdue fees that had accrued since he fell behind on his mortgage payments
- The lender pushed the new foreclosure date to a 1 month later; the lender posted foreclo
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