Legal Opinion
Central Pennsylvania Savings Ass'n v. Carpenters of Pennsylvania, Inc.
Superior Court of Pennsylvania
Decided July 19, 1982No. 115 and 125PublishedCited by 4 opinions
1Opinion of the Court
WATKINS, Judge:
This case comes to us on appeal from the Court of Common Pleas of Dauphin County, and involves a dispute between two banking institutions as to the priority of their respective liens against real estate and the distribution of the proceeds of a sheriff’s sale.
On November 30, 1973, Central Pennsylvania Savings Association (CPSA) agreed to lend the sum of $1,289,500.00 to Carpenters of Pennsylvania, Inc. (Carpenters) in order to enable it to construct fifty (50) low-income residential units on a tract of land in the Borough of Steelton, Dauphin County. At closing the loan amount…
2Cases cited4 opinions
- Housing Mortgage Corp. v. Allied Construction, Inc.Supreme Court of Pennsylvania · 1953
- Ter-Hoven v. KernsSupreme Court of Pennsylvania · 1845
- Trustees of C. I. Mortgage Group v. Stagg of Huntington, Inc.Superior Court of Pennsylvania · 1977
- Trustees of C. I. Mortgage Group v. Stagg of Huntington, Inc.Supreme Court of Pennsylvania · 1979
3Cited by4 opinions
- First Security Bank of Utah N.A. v. Banberry Development Corp.Utah Supreme Court · 1990
- Central Pennsylvania Savings Ass'n v. Carpenters of Pennsylvania, Inc.Supreme Court of Pennsylvania · 1983
- CENT. PA. SAV. ASS'N v. Carpenters of Pa.Supreme Court of Pennsylvania · 1983
- First Security Bank of Utah N.A. v. Banberry Development Corp.Utah Supreme Court · 1990