Sanders v. Palmer

Full title: THELMA SANDERS et al., Appellants, v. JEANETTE PALMER et al., Respondents

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

Date published: Sep 23, 1985

113 A.D.2d 882 (N.Y. App. Div. 1985)

Opinion

September 23, 1985

Appeal from the Supreme Court, Suffolk County (McCarthy, J.).

Judgment affirmed, with costs to respondent Jeanette Palmer.

Since plaintiffs never moved for a deficiency judgment within 90 days after delivery of the deed in the initial foreclosure action, the proceeds of this sale are deemed to be in full satisfaction of the mortgage debt and no right to recover any deficiency in any other action or proceeding exists (RPAPL 1371, [3]; see, Bedcro Realty Corp. v Title Guar. Trust Co., 290 N.Y. 520, 523; Statewide Sav. Loan Assn. v Canoe Hill, 54 A.D.2d 1018, affd 44 N.Y.2d 843; State Bank v Amak Enters., 77 Misc.2d 340). Hence, Trial Term correctly dismissed the complaint brought in this second foreclosure action. Bracken, J.P., O'Connor, Rubin and Kunzeman, JJ., concur.