Thomas v. Dore

CHARLES E. MOYLAN, JR. Judge,

Retired, Specially Assigned.

Although the general rule is that if the purchaser of a property at a foreclosure sale fails to make timely payment of the purchase price he thereby becomes obligated to pay interest on the unpaid balance, there have evolved at least three recognized exemptions from the strict application of that general rule. The question before us on this appeal is whether a purchaser’s possible entitlement to one of those exemptions can be irretrievably contracted away in the very act of making the successful bid on the property.

The Present Case

The…