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WEST DEV. GROUP v. HORIZON FINANCIAL

405 Pa.Super. 190 (1991)

592 A.2d 72

WEST DEVELOPMENT GROUP, LTD., Appellant, v. HORIZON FINANCIAL, F.A. and Patrick M. McKernan and Samuel E. Colavita, Appellees.

Superior Court of Pennsylvania.

Filed May 31, 1991.

Reargument Denied August 8, 1991.

Attorney(s) appearing for the Case

David H. Moskowitz, Devon, for appellant.

Steven H. Sailer, Newtown, for Horizon Financial, appellees.

Before WIEAND, OLSZEWSKI and BROSKY, JJ.

OLSZEWSKI, Judge:

This dispute arises out of a loan commitment agreement between West Development Group, Ltd. (West) and Horizon Financial, F.A. (Horizon), whereby Horizon agreed to loan West funds for the purchase of certain property. At closing, Horizon would not approve the form of the documents creating a junior mortgage. The owners of the property, Samuel E. Colavita and Patrick M. McKernan, walked out of...

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