Coffrin v. Sayles

Briefly stated, the question here presented is whether, after mortgage foreclosure proceedings in equity, brought subsequent to the adoption of the 1931 Chancery Act, in which proceeding no deficiency decree was prayed for nor granted, the plaintiff can sue at law for the balance due on the promissory note, which the mortgage was given to secure, for the balance remaining due after crediting thereon the proceeds of the foreclosure sale.

Defendant in error, Charles Frederick Sayles, in January, 1927, loaned plaintiff in error, Milo O. Coffrin, the sum of $8,000.00, for which amount Coffrin gave…