Whipple v. Commercial Bank of Blue Hill

Hannon, Judge.

The instant case is a foreclosure action brought by Kerry Whipple and Carolee Whipple, husband and wife, against The Commercial Bank of Blue Hill (TCB) and Ash Hollow Developers, Inc. (AHDI), hereinafter referred to collectively as “the defendants.” Both TCB and the Whipples had liens on a golf course owned by William and DeEtta Richards. TCB’s lien was senior to that of the Whipples’ when the Richardses conveyed the golf course to TCB in consideration of TCB’s forgiveness of the Richardses’ debt. TCB later conveyed the property to AHDI. The Whipples then brought this action to…