Good v. Holstein

¶ 1 Appellants, Timothy and Donna Holstein, ask us to determine whether the trial court erred when it found them personally liable to Appellee, Ethan Good, in the amount of $315,841.18. We hold that the trial court improperly found Appellants personally liable and reverse the trial court’s judgment.

¶2 The relevant facts and procedural history of this appeal are as follows. On May 29, 1992, Appellants’ corporation, Blue Mack, Inc., bought real estate at 401 West High Street in Pottstown, Pennsylvania, from Mrs. Smiths, Inc. (later “Eggo”). The parties executed a purchase money mortgage to…