Lavery v. Rizza

The plaintiff sought foreclosure of a second mortgage on property of the defendants. The plaintiff’s assignor had signed a “consent to take bonds” for the Home Owners’ Loan Corporation, hereinafter called the HOLC, and the defendants claim that the second mortgage was without consideration, against public policy and void.

The finding, which cannot be corrected in any respect material to this controversy, discloses the following facts: On August 16, 1934, the defendants were the owners of property in Bridgeport incumbered by two mortgages, on the second of which the owner, Antonio Mannino, had…