Security interests

Question 1

Murphy

Answer 1

where lack of due diligence is found, test is not fair market value as in eminent domain, nor is mortgagee bound to give credit for highest possible amount possible under different circumstances

Question 2

US Bank

Answer 2

plaintiffs failed to make proper showing that they were the holders of mortgages at the time of foreclosure and so did not demonstrate that the foreclosure sales were valid to convey fee simple title to them through purchase at foreclosure sale