Salt Lake Telegram | 1936-09-17 | Page 9 | Suit Answer Hits H O L C Attorneys

SUIT ANSWER HITS H 0 L C G ATTORNEYS I PROVO Charging PROVO Charging unnecessary s a r y foreclosures s are being made on property so attorneys accredited bythe by bythe the Home Owners Loan corporation can receive f fees es Joseph E. E Flanders Flanders Flan Flan- ders Spring Lake answered a foreclosure foreclosure foreclosure fore fore- closure complaint of the corporation corpora corpora- corporation corpora I tion in the district court Wednes- Wednes day He denied there is any necessity for the action against his property and declares I its value is far In ex ex- excess excess excess cess of ot the claims He claimed it was not the Intent of ot the act ct creating creating creat creat- ing ng the corporation to deprive owners owners owners own own- ers of their theil equity in their homes Suit to recover in principal prin principal prin- prin cipal with accrued interest on aloan a aloan a aloan loan made to Mr Flanders Flanders Flan lIlan ders del October 10 1934 was filed flied Inthe in inthe the court August 6 by J. J Rulon Morgan counsel for lor the corporation The complaint charges the tho defendants defend de- de fend have failed to make any payments of 1847 1841 in interest and principal allegedly due the of each month in accordance with the agreement It also alleges they have failed to pa pay general state and county taxes due on the mortgaged property for 1934 and 1935