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In re Winston Capital

Appellate Division of the Supreme Court of New York, First Department
Feb 2, 2010
70 A.D.3d 414 (N.Y. App. Div. 2010)

Opinion

No. 2089.

February 2, 2010.

Judgment, Supreme Court, New York County (Alice Schlesinger, J.), entered September 8, 2008, dismissing the petition brought pursuant to CPLR article 52 seeking an order cancelling the sheriff's levy and voiding the execution notices with respect to apartment 6X at 400 Central Park West and apartment 18X at 392 Central Park West, unanimously reversed, on the law, without costs, the petition reinstated and the matter remanded for further proceedings consistent herewith.

Kunstlinger Steinmetz, LLC, Lakewood, NJ (David C. Steinmetz of counsel), for appellants.

Steve Queller, New York, for respondents.

Before: Friedman, J.P., Catterson, Acosta, Degrasse and Abdus-Salaam, JJ.


In this special proceeding to prevent execution against properties and rents subject to a mortgage, petitioners established their prima facie entitlement to judgment as a matter of law by demonstrating their prior, recorded mortgage against the subject apartments and rents derived therefrom ( see Dime Sav. Bank of N.Y. v Roberts, 167 AD2d 674, 675-676, lv dismissed 77 NY2d 939). In opposition, respondents raised a triable issue as to petitioners' good faith in entering into the mortgage, including facts suggesting that petitioner mortgage broker, Winston Capital, LLC, and its general counsel participated with petitioner judgment debtor in a sham conveyance of an apartment to the judgment debtor's wife ( see Debtor and Creditor Law § 273-a). Given the existence of genuine factual disputes that could not be resolved on the papers, Supreme Court, rather than dismissing the proceeding, should have ordered disclosure and a trial ( see e.g. People v Zymurgy, Inc. 233 AD2d 178; Matter of General Motors Acceptance Corp. v Norstar Bank of Hudson Val., 156 AD2d 876; CPLR 5239).


Summaries of

In re Winston Capital

Appellate Division of the Supreme Court of New York, First Department
Feb 2, 2010
70 A.D.3d 414 (N.Y. App. Div. 2010)
Case details for

In re Winston Capital

Case Details

Full title:In the Matter of WINSTON CAPITAL, LLC, et al., Appellants, v. A. ABADIAM…

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

Date published: Feb 2, 2010

Citations

70 A.D.3d 414 (N.Y. App. Div. 2010)
2010 N.Y. Slip Op. 729
893 N.Y.S.2d 546

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