Provident National Bank, N.A. v. Song

In Provident National Bank, N.A. v. Song, 2003 PA Super 333, 832 A.2d 1077, 1081 (Pa. Super. 2003), the Superior Court found as follows: Courts have entertained petitions and granted relief where the validity of sale proceedings is challenged, or a deficiency pertaining to the notice of sale exists or where misconduct occurs in the bidding process.... Where a sale is challenged based upon the adequacy of the price our courts have frequently said that mere inadequacy of price standing alone is not a sufficient basis for setting aside a sheriff's sale.... However, where a "gross inadequacy" in the price is established courts have found proper grounds exist to set aside a sheriff's sale.... The courts have traditionally looked at each case on its own facts.... It is for this reason that the term 'grossly inadequate price' has never been fixed by any court at any given amount or any percentage amount of the sale.... Further it is presumed that the price received at a duly advertised public sale is the highest and best obtainable....