U.S. Bank v. Hoyt

Sep 21, 2009

OUTCOME: Prevailed

Pennsylvania Superior Court upholds decision of trial court holding that sheriff's sale related to first mortgage divested a second mortgage that was executed by borrower at the same date and time as t ... he first because no language existed within either mortgage to make one senior to the other. Parol evidence related to the original lender's "intent" not admissible to show one mortgage had priority over the other.