Rhoderick v. Roy Hansen Mortgage Co.

In September 1968 the appellant (Rhoderick), a Frederick County builder, went to see the appellee (Hansen), 1 an Arlington (Va.) mortgage broker. He told Hansen he needed some money and that he had “about $85,000 worth of deferred purchase notes, some first [mortgages] and some second mortgages.” Hansen said Rhoderick “took * * * [Hansen’s] forms with him and put down in complete detail exactly what * * * [Hansen] needed to know in order to evaluate how much he could borrow against them.” Hansen submitted Rhoderick’s application to Thomas Offutt, a fellow citizen with money to lend. Offutt…