Frank Kosir Jr. of Meyer Unkovic & Scott.
Pennsylvania courts have recently handed down several important decisions in the realm of real estate law that provide context for future cases.
- Party whose signature was forged on mortgage loan is still liable to the lender.
In McConaghy v. Bank of New York, 2018 PA Super 194 (2018), the Pennsylvania Superior Court held that a spouse whose estranged husband forged her signature on several residential mortgages and used a portion of the proceeds realized from those mortgages to pay off a prior mortgage that the couple entered into before their separation was still liable to the lender of the new mortgage for the benefit that she received from the initial payout.
