Weber v. Sternad

Early in the year 1936 there were two mortgages on the home of the defendants. The-first was held by the Custodian Savings & Loan Company to secure a note on which a balance of approximately $4,000 remained unpaid. The second was held' by one Gertrude Comstock to secure a note on which’ there was an unpaid balance of about $800. The defendants applied to the Home Owners’ Loan Corporation for a new loan in order to refinance their property.. The corporation appraised the premises at a valuation of $4,200, and advised the defendants that under its regulations it could loan them a maximum of 80…