Hamilton v. Corcoran

ALLEN, Acting Chief Judge.

Appellants Hamilton, mortgagors, appeal from a final decree of foreclosure in favor of the trustee in bankruptcy for the mortgagee, Bevis Shell Homes, Inc.

In September of 1960, the house in which appellants and their minor daughter were living was hit by Hurricane Donna. The house was blown from its foundation and damaged considerably. The Bevis corporation repaired the house, replaced it on its foundation, and provided funds for the satisfaction of appellants’ existing mortgage. In return, appellants, on October 3, 1960, executed a note and mortgage for $4,200 to…