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FIRST FEDERAL SAVINGS & LOAN ASSOC. OF S.C. v. FINN

23123

300 S.C. 228 (1989)

387 S.E.2d 253

FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF SOUTH CAROLINA, Respondent v. Timothy G. FINN and Mary G. Finn, Appellants.

Supreme Court of South Carolina.

Decided December 11, 1989.

Attorney(s) appearing for the Case

James W. Poag, Jr., West Columbia, for appellants.

W. Cliff Moore, III and Steven B. Licata, Columbia, for respondent.

Submitted June 9, 1989.

Decided December 11, 1989.

GREGORY, Chief Justice:

Respondent commenced this foreclosure action pursuant to a note and mortgage given to secure a construction loan for $129,600. Appellants counterclaimed for damages on various causes of action alleging respondent mishandled disbursement of the loan proceeds to appellants' contractor. Appellants also sought to impose an equitable lien on the property with priority over respondent...

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