In re Rupp

KIRKPATRICK, District Judge.-

In 1927 a certain William D. Cassone was the owner of a house in Allentown, Pennsylvania. On March 24 of that year he executed two mortgages upon the property, each in the amount of $4,500, one to Charles S. Faust and one to Charles F. Sycher. The mortgages were both entered of record on March 31, at 3:19 P. M., and thus acquired an equal lien position.

*888The Sycher mortgage was assigned on October 1, 1930, to Lawrence H. Rupp, the bankrupt. On December 17, 1930, Rupp acquired the fee of the mortgaged premises. On March 2, 1931, he recorded the assignment to himself…