Pennsylvania Co. for Insurances on Lives & Granting Annuities v. Broad Street Hospital

Opinion by

Mr. Justice Linn,, The point for decision is whether a mortgagor’s right of redemption must be exercised before the sheriff’s hammer falls, or whether the right may be exercised after such sale but before acknowledgment and delivery.-of the sheriff’s deed following the sale. The point has not heretofore been expressly passed on by this court. The court below held that the right to redeem could be exercised after the sale but before the acknowledgment and delivery of the sheriff’s deed. The correct decision is of considerable importance in the conduct of such sales and the effect to…