Extraco Mortgage v. Williams

¶ 1 Fulton Bank (“Fulton”) appeals the trial court’s order denying its exceptions to a sheriffs schedule of proposed distributions following a foreclosure sale. We affirm.

¶ 2 Extraco Mortgage f/k/a First Bankers Mortgage Co. (“Extraco”) brought a mortgage foreclosure action in December 1999 against property formerly owned by Kent B. Williams in Columbia, Pennsylvania. The complaint claimed that approximately $61,000 was due. On this same property, Fulton had a junior lien on which approximately $55,000 was due.

¶ 3 Shortly after filing its action, and prior to obtaining judgment, Extraco paid…