CASTAGNARO v. BANK OF NEW YORK MELLON

No. 14-1195.

772 F.3d 734 (2014)

Joseph CASTAGNARO, Plaintiff, Appellant, v. The BANK OF NEW YORK MELLON, Defendant, Appellee.

United States Court of Appeals, First Circuit.

November 20, 2014.


Attorney(s) appearing for the Case

Stephen T. Martin , with whom The Law Offices of Martin & Hipple, PLLC was on brief, for appellant.

Elizabeth T. Timkovich , with whom Phoebe N. Coddington and Winston & Strawn LLP were on brief, for appellee.

Stephanie A. Bray and New Hampshire Legal Assistance on brief, amicus curiae in support of appellant.

Before HOWARD, LIPEZ and BARRON, Circuit Judges.


HOWARD, Circuit Judge.

This case presents the labyrinthine question of whether New Hampshire law requires a foreclosing entity to hold both mortgage and note before it can exercise a power of sale under N.H.Rev.Stat. Ann. ("RSA") § 479:25. In turn, that issue splinters into two distinct inquiries: whether either the common law or state statute mandates the unity of the two and, if so, whether parties can override that baseline rule by agreement. Because controlling...

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