PennyMac Loan Servs., L.L.C. v. Nespeca

Citations

• 2025 Ohio 5622

Syllabus

reversing decision on motion for distribution of excess proceeds held with clerk after junior lienholder's foreclosure sale where property was purchased by third-party; final orders previously declared the sale was subject to the senior mortgage, which was protected by R.C. 2329.20; senior lienholder successfully appeals by arguing trial court lacked authority to decrease amount owed from third-party purchaser on the mortgage by limiting liability to the principal balance at the time of the default by the original debtors with no mortgage interest or costs.