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Murphy v. Financial Development Corp.

495 A.2d 1245 (1985)

Tags: Property, Mortgages

tl;dr: A mortgagee owes a fiduciary duty to the mortgagor in foreclosure to obtain a fair and reasonable price.

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Facts & Holding

Facts:The Murphys had defaulted on their loan payments. The mortgagee...

Holding:The court held that a mortgagee does owe a fiduciary...

Murphy v. Financial Development Corp.

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Brief General >T14 Big mad

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