Corn Exchange Bank Trust Co. v. Island Park-Long Beach, Inc.

Appellate Division of the Supreme Court of New York

Corn Exchange Bank Trust Co. v. Island Park-Long Beach, Inc.

251 A.D. 857, 298 N.Y.S. 496, 1937 N.Y. App. Div. LEXIS 7982

CourtAppellate Division of the Supreme Court of the State of New York

DecidedJune 25, 1937

StatusPublished

This text of 251 A.D. 857 (Corn Exchange Bank Trust Co. v. Island Park-Long Beach, Inc.) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Corn Exchange Bank Trust Co. v. Island Park-Long Beach, Inc., 251 A.D. 857, 298 N.Y.S. 496, 1937 N.Y. App. Div. LEXIS 7982 (N.Y. Ct. App. 1937).

Pincite

Opinion

Order of the County Court of Nassau county, dated October 27, 1936, denying plaintiff’s motion to confirm the report of the referee, etc., and denying leave to enter a deficiency judgment, reversed on the law and the facts, with costs, and the motion granted, with ten dollars costs, to the extent of allowing a deficiency judgment to be entered in the sum of $14,650. The findings of fact incorporated in the order are reversed. New findings will be made. This court finds the market value at the time in question to be $857,473.94; thereby producing a deficiency of $85,000, against which there is an offset of $70,350 by way of collateral security; leaving a net deficiency of $14,650. Lazansky, P. J., Carswell, Adel, Taylor and Close, JJ., concur. Settle order on notice.

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Order of the County Court of Nassau county, dated October 27, 1936, denying plaintiff’s motion to confirm the report of the referee, etc., and denying leave to enter a deficiency judgment, reversed on the law and the facts, with costs, and the motion granted, with ten dollars costs, to the extent of allowing a deficiency judgment to be entered in the sum of $14,650. The findings of fact incorporated in the order are reversed. New findings will be made. This court finds the market value at the time in question to be $857,473.94; thereby producing a deficiency of $85,000, against which there is an offset of $70,350 by way of collateral security; leaving a net deficiency of $14,650. Lazansky, P. J., Carswell, Adel, Taylor and Close, JJ., concur. Settle order on notice.

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Bluebook (online)

251 A.D. 857, 298 N.Y.S. 496, 1937 N.Y. App. Div. LEXIS 7982, Counsel Stack Legal Research, https://law.counselstack.com/opinion/corn-exchange-bank-trust-co-v-island-park-long-beach-inc-nyappdiv-1937.