Ochiuto v. Prudential Insurance Co. of America

Opinion by

Mr. Justice Horace Stern,

In 1929 plaintiff’s decedent, Carlo Qchiutb, borrowed from defendant, The Prudential Insurance Company of America, the sum. of $13,900, for the repayment of which he gave his bond secured by a mortgage on real estate in Mt. Lebanon Township, Allegheny County. He defaulted on his obligation and, in 1933, defendant entered judgment on the bond in the amount of $29,190 (to be satisfied upon payment of $14,399.41 representing the principal debt, interest and attorney’s fees), issued execution against the mortgaged property, and purchased it at sheriff’s sale on…