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DANVERS SAVINGS BANK v. HAMMER

No. 80-328.

122 N.H. 1 (1982)

DANVERS SAVINGS BANK v. RICHARD G. HAMMER.

Supreme Court of New Hampshire.

January 15, 1982.

Attorney(s) appearing for the Case

Barrett & McNeill P.A., of Durham (Malcolm R. McNeill, Jr., on the brief and orally), for the plaintiff.

Schroeder & McLetchie, of Ossipee (Erland C. L. McLetchie on the brief and orally), for the defendant.

DOUGLAS, J.

On February 9, 1970, Richard Hammer borrowed $7,000 from the Danvers Savings Bank and executed a promissory note in favor of the bank. The note was secured by land in Boxford, Massachusetts. After the defendant defaulted, the bank foreclosed on his property. No potential buyers attended the foreclosure sale except bank representatives. They purchased the defendant's real estate for $100, and later resold it for...

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