Continental Bank v. Schaler

MONTEMURO, Judge:

This appeal lies from an Order denying appellant’s petition to strike/open a judgment against him. In 1979 and 1981, the parties entered into loan agreements 1 on which the balance due in 1983, when litigation commenced, was *612$55,000. As collateral for the debt, appellee accepted the title documents for appellant’s 1966 Rolls Royce. Appellant defaulted, but sometime prior to foreclosure had attempted to sell the car in satisfaction of the loan. To this end the car had been transported from Philadelphia, where it was registered and where appellant maintained his principal…