In Re Veasey

OPINION

EMIL F. GOLDHABER, Chief Judge:

The issue at bench is whether a mortgage which was inadvertently satisfied through an error of the mortgagee may be reinstated. The question is presented on the mortgagee’s action for a determination of the secured status of its lien against the debtor’s property. We conclude that, under the circumstances of this case, the mortgage should be reinstated.

The facts of this case are as follows: 1 On September 11, 1981, Nancy L. Veasey (“the debtor”) gave a mortgage on her property to the Philadelphia Saving Fund Society (“the mortgagee”) to secure a loan in…