State Street Bank v. Petrey

OPINION BY

STEVENS, J.:

¶ 1 This is an appeal from the order of • the Court of Common Pleas of Chester County denying Appellant Amrit Lai’s exceptions to a Sheriffs schedule of proposed distributions following a foreclosure sale. For the following reasons, we reverse and remand.

¶ 2 State Street Bank & Trust (“State Street”) brought a mortgage foreclosure action on July 6, 1999 against property owned at the time by mortgagors Charles and Elizabeth Petrey (“Petreys”). State Street stood as assignee of a mortgage originally entered into by the Petreys and United States Mortgage Corporation on…