Federal Land Bank v. Heiser

HOFFER, J.,

The Federal Land Bank of Baltimore obtained a judgment in its mortgage foreclosure action against Lewis and Mildred Heiser. Nine months later, the property was sold for $188,875.90 at a Sheriffs sale. The American Bank & Trust Co. of Pa., which holds a subsequent judgment lien against the Heiser’s property, filed exceptions to the proposed schedule of distribution. These exceptions are now before the court.

I

American Bank excepts to Federal Land Bank’s claim of $14,628.99 for interest from the date of judgment until the date of sale. Federal Land Bank computed the interest for this…