Florio v. Greenspan

In June, 1955, Stephen Florio, contemplating marriage to the plaintiff, contracted to purchase a house in Longmeadow. To finance this purchase in part, he applied to the Holyoke National Bank (hereinafter called the bank) for a mortgage loan on the property. On July 9, 1955, Stephen and the plaintiff were married, and on July 20 they acquired title to the house as tenants by the entirety. The purchase price was $40,000. Of this sum Stephen contributed $12,000 and the plaintiff $8,000. The balance of $20,000 was paid from the proceeds of a loan by the bank which was secured by a mortgage on…