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Banque Arabe et Int'l v. One Times Square

Appellate Division of the Supreme Court of New York, First Department
Jan 9, 1996
223 A.D.2d 384 (N.Y. App. Div. 1996)

Opinion

January 9, 1996

Appeal from the Supreme Court, New York County (Karla Moskowitz, J.).


The Receiver's demand and receipt of rent from defendant tenant Spectacolor after the order and judgment of foreclosure, but prior to the actual sale to respondent One PM, did not create a new tenancy by estoppel or bind One PM, which purchased the foreclosed premises at judicial sale. The language of the order and judgment of foreclosure herein does not require departure from the general rule that the right and interest of a defendant joined in a foreclosure action becomes barred and foreclosed upon the actual sale and conveyance made thereunder and not on the date of entry of the judgment of foreclosure ( Dulberg v Ebenhart, 68 A.D.2d 323, 327). In any event, One PM received its title from the Referee acting as the agent for the court ( see, Jorgenson v Endicott Trust Co., 100 A.D.2d 647, 648), and accordingly, the Receiver's actions do not bind the ultimate purchaser at foreclosure. However, in granting a writ of assistance the court improperly awarded damages for use and occupancy for the period after the date of the judicial sale. Upon such sale, the foreclosure proceeding was terminated. We have considered defendant-appellant's other contentions and find them to be without merit.

Concur — Ellerin, J.P., Rubin, Nardelli, Tom and Mazzarelli, JJ.


Summaries of

Banque Arabe et Int'l v. One Times Square

Appellate Division of the Supreme Court of New York, First Department
Jan 9, 1996
223 A.D.2d 384 (N.Y. App. Div. 1996)
Case details for

Banque Arabe et Int'l v. One Times Square

Case Details

Full title:BANQUE ARABE ET INTERNATIONALE D'INVESTISSEMENT, Plaintiff, and ONE PM…

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

Date published: Jan 9, 1996

Citations

223 A.D.2d 384 (N.Y. App. Div. 1996)
636 N.Y.S.2d 299

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