Home Unity Savings & Loan Ass'n v. Balmos

162 A.2d 244, 192 Pa. Super. 542, 1960 Pa. Super. LEXIS 503
CourtSuperior Court of Pennsylvania
DecidedJune 15, 1960
DocketAppeals, Nos. 18 and 36
StatusPublished
Cited by4 cases

This text of 162 A.2d 244 (Home Unity Savings & Loan Ass'n v. Balmos) is published on Counsel Stack Legal Research, covering Superior Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Home Unity Savings & Loan Ass'n v. Balmos, 162 A.2d 244, 192 Pa. Super. 542, 1960 Pa. Super. LEXIS 503 (Pa. Ct. App. 1960).

Opinion

Opinion by

Gunther, J.,

This appeal is from the Decree of the Court of Common Pleas No. 4 of Philadelphia County directing distribution of the proceeds of a sheriff’s sale of real estate. The matter came before the lower court as a case stated.

On or about October 27, 1950, Victor Balmos and his wife were the owners of a certain dwelling known as 204 Dupont Street, and Victor Balmos was the owner of a dwelling known as 5529 Devon Street in Philadelphia. Both were subject to a blanket mortgage to Home Unity Savings and Loan Association, dated December 23, 1948.

On October 27, 1950, George Wadenpfuhl obtained a judgment against Victor Balmos in the Municipal Court of Philadelphia in the sum of $1,050.48.

On June 5, 1957, George Wadenpfuhl caused a writ to issue whereby the premises known as 5529 Devon Street was subject to a judicial sale and the premises were sold to the attorney on the writ subject to the [544]*544mortgage of tlie Home Unity Savings and Loan Association. A sheriff’s deed was made to George Wadenpfuhl, Inc.

On September 3, 1957, a judgment was entered on the bond accompanying the mortgage covering premises 5529 Devon Street and 204 Dupont Street, and damages upon the said judgment were assessed in the amount of $2000.34. On September .13, 1957, at the sheriff’s sale the premises were sold to Albert G. Newton, Attorney, for $4700.00. This sale price covered both premises, 5529 Devon Street, and 204 Dupont Street, covered by the said mortgage.

On December 2,1957, George Wadenpfuhl, Inc., filed a Petition for Rule To Show Cause to set aside the sheriff’s sale of premises 5529 Devon 'Street, owned by George Wadenpfuhl, Inc., because of the failure of the execution plaintiff to give notice to George Wadenpfuhl, Inc., as provided by the Rules of Court.

On December 16, 1957 the lower court set aside the sheriff’s sale by agreement of counsel.

On November 22, 1957, the Home Unity Savings and Loan Association assigned the bond and mortgage to Jacob Kallish, the said assignment containing a certification as to the assignee’s address by Albert G. Newton.

On January 14, 1958 the Home Unity Savings and Loan Association had the judgment marked to the use of the assignee as Use Plaintiff, Jacob M. Kallish.

On April 29, 1958, Jacob M. Kallish released the premises 204 Dupont Street, Philadelphia, Pennsylvania from the lien of the bond and mortgage which had been assigned to him by giving a Release of Mortgage to Victor Balmos and Anna Balmos, his wife, for a nominal consideration of $1.00 which was recorded in Miscellaneous Book No. 200, page 26 of the Commissioner of Records Office of the City of Philadelphia. [545]*545The signature of the releasor was witnessed by Albert G. Newton.

On May 23, 1958, a Release from the Lien of Judgment against premises 204 Dupont Street, Philadelphia, Pennsylvania was filed of record in the Court, the releasor being Jacob M. Kallish and being witnessed by Albert G. Newton.

On May 5, 1958, Victor Balmos and Anna Balmos, his wife, executed a Deed of Conveyance to one Max Heifer and Eleanor Heifer, his wife, for a purported consideration of $100.00 for said premises 204 Dupont Street, clear of all encumbrance, the said Deed being recorded in Deed Book C.A.B. No. 796, page 599 See. at Philadelphia, Pennsylvania, and the said Deed contained a certification as to the grantee’s address by Albert G. Newton and being accompanied by a Realty Transfer Tax Affidavit signed by Albert G. Newton certifying the value of the premises to be $2000.00.

On May 14, 1958, the said Max Heifer and Eleanor Heifer, his wife, executed and delivered a Deed of Conveyance to Joseph Cassell and Helen Cassell, his wife, which was recorded at Philadelphia, Pennsylvania, in Deed Book C.A.B. No. 797, page 146 See., for the said premises 204 Dupont Street, Philadelphia, Pennsylvania, for the consideration of $1800.00, the grantors’ signatures being witnessed by Albert G. Newton.

On June 11, 1958, counsel for Jacob M. Kallish sent notice by mail to Victor Balmos and Anna Balmos, his wife, at 5529 Devon Street, Philadelphia, Pennsylvania, as mortgagors, and to George Wadenpfnhl, Inc., 8912 Ridge Avenue, Philadelphia, Pennsylvania, as Real Owner of premises 5529 Devon Street, Philadelphia, Pennsylvania, advising that the mortgage secured upon the said premises was in default, and that on September 3, 1957 judgment was entered on the bond as of the Court of Common Pleas No. 4 of Philadelphia County, [546]*546June Term, 1957, No. 10,293, and that damages were assessed at $2000.34, and advising further that it was the intention of Jacob M. Kallish to issue a Writ of Execution upon the said judgment against the property 5529 Devon Street, Philadelphia, Pennsylvania, at once. Further advice was given that sale upon the said Writ of Execution by the sheriff of Philadelphia would be held in Room 653, City Hall, Philadelphia, Pennsylvania, on Monday, July 7, 1958 at 2:00 o’clock P.M. (D.S.T.). Said notification was sent to both the mortgagors and the said Real Owner by certified mail, and an affidavit as to the mailing of the aforesaid notices to the mortgagors and the Real Owner was filed in your Honorable Court on June 12, 1958, and on the same date an Alias Writ of Fieri Facias Real Estate issued returnable the first Monday of July, 1958.

That neither of the mortgagors nor the Real Owner, to wit, George Wadenpfuhl, Inc., filed any petition whatsoever to stay or to question the sheriff’s sale thus scheduled for the first Monday of July, 1958 on any ground.

At the sheriff’s sale thus held on the aforesaid Alias Writ of Fieri Facias Real Estate, the premises were sold to Thomas S. Howland, Esquire, for the sum of $2600.00 for the use and benefit of George Wadenpfuhl, Inc., and the sum of $2600.00 has been deposited with the sheriff of Philadelphia County by George Wadenpfuhl, Inc. through its counsel.

That no valuable consideration other than the nominal consideration was received by Jacob M. Kallish for the release of the lien of the judgment entered on the Bond and Warrant of Attorney given by Victor Balmos and Anna Balmos in conjunction with the accompanying mortgage, whereby premises 204 Dupont Street, Philadelphia, Pennsylvania were released from the lien of the said judgment.

[547]*547That the reasonable market value of premises 5529 Devon Street, Philadelphia, Pennsylvania, on August 5, 1957 was $3100.00.

That reasonable market value of premises 204 Dupont Street, Philadelphia, Pennsylvania, on August 5, 1957 was $3500.00.

That on August 5, 1957, the balance of principal due on the blanket mortgage covering premises 5529 Devon Street and 204 Dupont Street, Philadelphia, Pennsylvania, was in the sum of $1723.76, and the interest due and owing on the said blanket mortgage on August 5, 1957 was the sum of $12.93.

That the sum of $S15.61 equals that proportion of the balance of principal and interest due on the blanket mortgage aforesaid as of August 5, 1957, as the value of premises 5529 Devon Street, Philadelphia, Pennsylvania on August 5,1957 bore to the value of both premises 5529 Devon Street, Philadelphia, Pa., and 204 Dupont Street, Philadelphia, Pa. on August 5, 1957.

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Cite This Page — Counsel Stack

Bluebook (online)
162 A.2d 244, 192 Pa. Super. 542, 1960 Pa. Super. LEXIS 503, Counsel Stack Legal Research, https://law.counselstack.com/opinion/home-unity-savings-loan-assn-v-balmos-pasuperct-1960.