The court refused to open a confessed judgment where the subject loan documents and subsequent modification were clear on their face that a default would occur if defendants did not pay the entire loan debt off by a particular modified maturity date. Affirmance recommended.
October 11, 2011 at 10:00 AM
1 minute read
Beneficial Mut. Saving Bank v. Gelt Financial Corp., PICS Case No. 11-4165 (C.P. Philadelphia Sept. 12, 2011) Panepinto, J. (7 pages).
The court refused to open a confessed judgment where the subject loan documents and subsequent modification were clear on their face that a default would occur if defendants did not pay the entire loan debt off by a particular modified maturity date. Affirmance recommended.
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