Bank of New York Mellon Trust Co. v. Sachar

95 A.D.3d 695, 943 N.Y.S.2d 893

• Court: Appellate Division of the Supreme Court of the State of New York
• Decided: May 22, 2012
• Status: Published

Opinion

Order, Supreme Court, Bronx County (Lucindo Suarez, J.), entered on or about March 11, 2011, which, inter alia, granted plaintiff’s motion for summary judgment on its complaint as against defendant Sachar, unanimously affirmed, without costs.

Plaintiff proved its standing to commence this foreclosure action by demonstrating that it was both the holder or assignee of the subject mortgage and the holder or assignee of the underlying note at the time the action was commenced (see U.S. Bank, N.A. v Collymore, 68 AD3d 752 [2009]). Defendant is correct that, although Mortgage Electronic Registration System (MERS) validly assigned the mortgage to plaintiff, and the assignment was properly recorded in the public records, MERS had not been given any interest in the underlying note by the lender (see Bank of NY. v Silverberg, 86 AD3d 274, 283 [2011]). However, the complaint and the documents annexed to plaintiffs motion establish that an assignment of the note had been effectuated by physical delivery of the note before this action was commenced (see id. at 280; Collymore, 68 AD3d at 754). Concur — Tom, J.P., Sweeny, Renwick, Freedman and AbdusSalaam, JJ.