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CHEMICAL BANK v. DIPPOLITO

No. 94-CV-4535.

897 F.Supp. 221 (1995)

CHEMICAL BANK, Plaintiff, v. Martin DIPPOLITO and Michael Tiedeken, Defendants.

United States District Court, E.D. Pennsylvania.

August 28, 1995.

Attorney(s) appearing for the Case

Richard A. O'Halloran, Adler & O'Halloran, P.C., Plymouth Meeting, PA, for plaintiff.

Joseph Gindhardt, Wissow, Odza, Steckiw & Gindhardt, Philadelphia, PA, for defendants.

MEMORANDUM AND ORDER

JOYNER, District Judge.

Today we address Plaintiff Chemical Bank's motion for summary judgment in this mortgage foreclosure action. For the reasons stated below, the motion will be granted in part.

I. BACKGROUND

Martin Dippolito and Michael Tiedeken, the defendants in this action, purchased real estate in Glenside, Pennsylvania ("the property") on April 28, 1989. Messrs. Dippolito and Tiedeken borrowed...

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