Westinghouse Credit Corp. v. Giordano

KALISH, J.,

Petitioner, “Equitable Owner of Real Estate — Packer Avenue Associates, et al” (hereinafter referred to as Packer)1 filed this petition on November 14, 1978, to set aside the sheriffs mortgage foreclosure sale of the property located at 900 Packer Avenue, Philadelphia, Pa. (hereinafter referred to as the Hilton Hotel) which took place on November 6, 1978. Petitioner claimed, as its major allegation, that the sales price at the sheriffs sale was grossly inadequate. This court issued a rule to show cause on November 16, 1978.

Prior to institution of the mortgage foreclosure action…