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CENTRAL PENN. SAV. v. CARPENTERS, ETC.

298 Pa.Super. 250 (1982)

444 A.2d 755

CENTRAL PENNSYLVANIA SAVINGS ASSOCIATION, Appellant, v. CARPENTERS OF PENNSYLVANIA, INC. CENTRAL PENNSYLVANIA SAVINGS ASSOCIATION v. CARPENTERS OF PENNSYLVANIA, INC. Appeal of COMMONWEALTH NATIONAL BANK.

Superior Court of Pennsylvania.

Filed April 16, 1982.

Petition for Allowance of Appeal Granted July 19, 1982.

Attorney(s) appearing for the Case

Patrick T. Ryan and Kathleen Lynch, Philadelphia, for Central Pennsylvania, appellant (at No. 115) and appellee (at No. 125).

Robert C. Spitzer, Harrisburg, for Commonwealth Nat. Bank, appellant (at No. 125) and for participating party (at No. 115).

Before CERCONE, P.J., and WATKINS and MONTGOMERY, JJ.

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...

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