MECO REALTY CO. v. Burns

Opinion by

Mr. Justice Cohen,

Plaintiff-appellant, Meco Realty Company (Meco), mortgagee, instituted an action of mortgage foreclosure against defendants-appellees, John F. Burns, the original purchaser and obligor under the bond accompanying the mortgage, and Anton Meister, his grantee, terretenant. Meco’s action was brought solely on the mortgage. Judgment was entered for Meco and it bought in the property at the sheriff’s sale. Meco petitioned the court to fix the fair market value of the property in accordance with the Deficiency Judgment Act of July 16, 1941, P. L. 400, 12 P.S.…