Murello Construction Co. v. Citizens Home Savings Co.

This matter was filed to enjoin the filing of a foreclosure action on four properties, for damages resulting from the decrease in value of those properties, for a declaration of the rights and liabilities of the parties under certain notes, and for attorney fees and other equitable relief. Citizens Home Savings Co., defendant-appellee, made four commercial real estate loans to Murello Construction Co., plaintiff-appellant, each being secured by a mort-age and note. Citizens gave Murello notice that it intended to increase the rate of interest being charged on each note, which notice…