River Bank America v. Stabile

Appellate Division of the Supreme Court of New York

River Bank America v. Stabile

216 A.D.2d 104, 628 N.Y.S.2d 102, 1995 N.Y. App. Div. LEXIS 6324

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

DecidedJune 15, 1995

StatusPublished

Cited by3 cases

This text of 216 A.D.2d 104 (River Bank America v. Stabile) 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

River Bank America v. Stabile, 216 A.D.2d 104, 628 N.Y.S.2d 102, 1995 N.Y. App. Div. LEXIS 6324 (N.Y. Ct. App. 1995).

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Opinion

Order, Supreme Court, New York County (Ira Gammerman, J.), entered on or about January 31, 1995, which granted defendants’ motion seeking to compel plaintiff bank to issue an assignment of the foreclosed upon mortgage and accompanying note to the individual who made the redemption payment for the subject provision, unanimously affirmed, with costs.

Inasmuch as an action to foreclose a mortgage is an equitable proceeding (Jamaica Sav. Bank v M. S. Investing Co., 274 NY 215, 219; Blomgren v Tinton 763 Corp., 18 AD2d 979, 980), we agree with the IAS Court that under the circumstances [105]*105herein the plaintiff mortgagee may be compelled to issue an assignment of the mortgage upon full payment of the mortgage indebtedness pursuant to Real Property Law § 275 (see, Goldstein v Soledad Place Corp., 157 Misc 2d 801). Concur—Rosenberger, J. P., Wallach, Rubin and Mazzarelli, JJ.

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Order, Supreme Court, New York County (Ira Gammerman, J.), entered on or about January 31, 1995, which granted defendants’ motion seeking to compel plaintiff bank to issue an assignment of the foreclosed upon mortgage and accompanying note to the individual who made the redemption payment for the subject provision, unanimously affirmed, with costs.

Inasmuch as an action to foreclose a mortgage is an equitable proceeding (Jamaica Sav. Bank v M. S. Investing Co., 274 NY 215, 219; Blomgren v Tinton 763 Corp., 18 AD2d 979, 980), we agree with the IAS Court that under the circumstances [105]*105herein the plaintiff mortgagee may be compelled to issue an assignment of the mortgage upon full payment of the mortgage indebtedness pursuant to Real Property Law § 275 (see, Goldstein v Soledad Place Corp., 157 Misc 2d 801). Concur—Rosenberger, J. P., Wallach, Rubin and Mazzarelli, JJ.

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Bluebook (online)

216 A.D.2d 104, 628 N.Y.S.2d 102, 1995 N.Y. App. Div. LEXIS 6324, Counsel Stack Legal Research, https://law.counselstack.com/opinion/river-bank-america-v-stabile-nyappdiv-1995.

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