Penn State Construction Co. v. Newkirk Building & Loan Ass'n

Keller, P. J.,

Opinion by

The defendant, Newkirk Building and Loan Association, on November 19, 1934, was the owner of property at 2625 West Girard Avenue in the City of Philadelphia, having purchased it at a sheriff’s foreclosure sale upon a second mortgage held by it. The Family Society of Philadelphia was the holder of a bond given eleven years before by Samuel Blackman to Alphons J. Reiner, secured by a first mortgage of Blackman to Reiner covering said premises. A balance of principal of $5400 was due and payable on this bond and mortgage on November 19, 1934. On that date a mortgage…