Supreme Judicial Court of Maine January 19, 1983 (Treasure Isle, Inc. v. McCarthy)

MEMORANDUM OF DECISION.

In June of 1981, the mortgagee, Treasure Isle, Inc., obtained an order of foreclosure and sale pursuant to 14 M.R.S.A. §§ 6321-6325 (1980) against the mortgagors, Raymond and Margaret Mary McCarthy. The McCarthys did not redeem their property and Treasure Isle purchased it at the foreclosure sale for less than the amount due.