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BERK v. TAMIAMI INVESTMENT CO.

No. 6012.

84 F.2d 769 (1936)

BERK v. TAMIAMI INVESTMENT CO. et al.

Circuit Court of Appeals, Third Circuit.

June 30, 1936.

Attorney(s) appearing for the Case

Leonard K. Guiler, of Pittsburgh, Pa., for appellant.

Mahlon E. Lewis, G. K. Wright, and Alter, Wright & Barron, all of Pittsburgh, Pa., for appellees.

Before BUFFINGTON, Circuit Judge, and DICKINSON and FORMAN, District Judges.

DICKINSON, District Judge.

This case is the outgrowth of the great variance which is almost periodically experienced in the selling prices of real estate. The case is typical. Expressed in terms of the mortgaging value of this real estate it was worth in June, 1925, approximately $20 per acre; in July, 1925, approximately $140; in August, 1925, $170; in November, 1933, $22; and in December, 1933, less than $7. To this counsel for the mortgagee adds the naive and interesting...

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