MERRIMACK INDUSTRIAL TRUST v. FIRST NAT. BANK OF BOSTON

No. 80-093.

121 N.H. 197 (1981)

MERRIMACK INDUSTRIAL TRUST v. THE FIRST NATIONAL BANK OF BOSTON & a.

Supreme Court of New Hampshire.

March 16, 1981.


Attorney(s) appearing for the Case

Randall F. Cooper, of North Conway, by brief and orally, for the plaintiff.

James R. Patten, of Ossipee, by brief and orally, for the First National Bank of Boston.

Michael E. Gould, of Meredith, by brief for David S. Sands.


BOIS, J.

The issue raised in this appeal is whether the trial court erred in finding that the mortgagee-bank had exercised good faith and reasonable diligence in conducting a foreclosure sale of property owned by the plaintiff and that the buyer at the sale was a bona fide purchaser for value. We find no error and affirm.

In 1972 the plaintiff, Merrimack Industrial Trust, by separate deeds, acquired two adjoining parcels of real estate in the town of Conway...

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