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DAUGHARTHY v. MONRITT ASSOCIATES

[No. 28, September Term, 1981.]

293 Md. 399 (1982)

444 A.2d 1030

ALAN L. DAUGHARTHY ET UX. v. MONRITT ASSOCIATES

Court of Appeals of Maryland.

Decided May 12, 1982.

Attorney(s) appearing for the Case

Francis A. Shaffer, with whom were Collier & Shaffer on the brief, for appellants.

Allan G. Slan, with whom were Katz, Frome & Slan, P.A. on the brief, for appellee.

The cause was argued before MURPHY, C.J., and SMITH, DIGGES, ELDRIDGE, COLE, DAVIDSON and RODOWSKY, JJ.

DAVIDSON, J., delivered the opinion of the Court.

In recent years, the wrap-around mortgage has achieved widespread use in the financing of real estate transactions. S.M. Guerin, Selected Problems in Wrap-Around Financing: Suggested Approaches to Due-On-Sale Clauses and Purchaser's Depreciable Basis, 14:3 U.Mich.J.L.Ref. 401, 401 (1981). This case concerns the application of principles of real property law to wrap-around mortgages. More particularly, this case...

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