Harmon v. Bank of Danville

Cureton, Judge:

This is a foreclosure action tried first before a special referee. The special referee held that certain monies ad vanced by the appellant mortgagee, Forrest Harmon, to the original mortgagor, Dan Krueger, were not secured by a mortgage given by Krueger to Harmon. The referee also held that Harmon was entitled to have the interest due compounded. Upon an appeal to the circuit court, the court affirmed the referee as to the advancements but held that Harmon was entitled to simple interest only. Harmon appeals. We affirm in part, reverse in part and remand.

Dan Krueger gave Harmon…