Union Nat. Bk. of Ptgh. v. Crump

Opinion by

Mr. Justice Allen M. Stearns,

This is an appeal from the decree of the court below fixing the fair market value, under the Act of July 16, 1941, P. L. 400, 12 PS Supp. 2621, of mortgaged premises sold on foreclosure. The premises involved are located at 4041 Bigelow Boulevard, in Pittsburgh, on which there is erected a residential apartment house known as the Schenley Arms. The mortgage, created in 1931, was given by the defendants Crump and McQuillan to secure the loan to them by plaintiff of $175,000. The premises were conveyed, subsequent to the mortgage, to the Schenley Arms…