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Conflicting legal descriptions lead to priority dispute
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Court Report
Monday, March 27, 2017
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A Pennsylvania bank appealed a second time from a bankruptcy court order directing the proceeds from the sale of the debtors’ property to another bank. The court had to determine whether the second bank released its mortgage on the debtors’ property before the appellant bank recorded its interest in the same property. The release contained conflicting legal descriptions of the property. Read on for more details.
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