Robert and Sherrell Bergeron gave a first mortgage on their property to First Colonial Bank and a

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Robert and Sherrell Bergeron gave a first mortgage on their property to First Colonial Bank and a second mortgage to Ford Motor Credit Company. When the Bergerons were unable to pay the mortgage, the bank foreclosed. The property was sold at a foreclosure sale for more money than the Bergerons owed the bank. The Bergerons claim that they are entitled to the su r plus funds from the sale. Do you agree? Explain. First Colonial Bank for Savings v. Bergeron, 646 N.E.2d 758 (MA).

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Business Law With UCC Applications

ISBN: 9780073524955

13th Edition

Authors: Gordon Brown, Paul Sukys

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