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201 Brook Realty Corp. v. Merrill Associates

Appellate Division of the Supreme Court of New York, First Department
Apr 1, 1993
192 A.D.2d 302 (N.Y. App. Div. 1993)

Opinion

April 1, 1993

Appeal from the Supreme Court, Bronx County (Alan J. Saks, J.).


Sufficient "special circumstances" were demonstrated to warrant the discontinuance of this foreclosure action on a second mortgage in favor of an action at law on the underlying debt, namely, the extreme unlikelihood that foreclosure will satisfy the debt owing to plaintiff in view of the amount of the first mortgage, which is also in default, as well as the fire that occurred at the subject premises (see, Manufacturers Hanover Trust Co. v 400 Garden City Assocs., 150 Misc.2d 247; Stein v Nellen Dev. Corp., 123 Misc.2d 268).

Concur — Murphy, P.J., Carro, Ellerin, Kupferman and Asch, JJ.


Summaries of

201 Brook Realty Corp. v. Merrill Associates

Appellate Division of the Supreme Court of New York, First Department
Apr 1, 1993
192 A.D.2d 302 (N.Y. App. Div. 1993)
Case details for

201 Brook Realty Corp. v. Merrill Associates

Case Details

Full title:201 BROOK REALTY CORP., Respondent, v. MERRILL ASSOCIATES et al.…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Apr 1, 1993

Citations

192 A.D.2d 302 (N.Y. App. Div. 1993)
595 N.Y.S.2d 460

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