ROSENN, Senior Circuit Judge.
This appeal has its genesis in the real estate recession which first struck New England and many other parts of the country several years ago. The malaise apparently not only adversely affected the appellant, Michael F. Carr, a real estate developer, but also the Home Federal Savings Bank (the Bank) from whom he borrowed a substantial sum of money. The Bank foreclosed on an unimproved ocean lot Carr mortgaged to it. Ultimately, the Bank...
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