From Casetext: Smarter Legal Research

Great Eastern Bank v. Chang

Appellate Division of the Supreme Court of New York, Second Department
May 28, 1996
227 A.D.2d 589 (N.Y. App. Div. 1996)

Opinion

May 28, 1996

Appeal from the Supreme Court, Queens County (Lonschein, J.).


Ordered that the order is affirmed, with costs.

Steven Chang and his brother Hsu Chang acquired a residential condominium unit, and a mortgage on the property was held by Long Island Savings Bank. Upon his death, Hsu's wife, the appellant, succeeded to his interest in the unit and thereby became an owner of the unit with Steven as tenants in common. Thereafter, without the knowledge or consent of the appellant, Steven obtained a mortgage on the property from the plaintiff, Great Eastern Bank. After Steven defaulted on the mortgage payments, the plaintiff brought this action to foreclose on the mortgage lien given by Steven and also on the equitable lien created when it satisfied the Long Island Savings Bank mortgage.

Where, as here, the funds of a mortgagee are used to discharge a prior lien upon the property of another, the doctrine of equitable subrogation applies to prevent unjust enrichment by subrogating the mortgagee to the position of the senior lienholder ( see, King v. Pelkofski, 20 N.Y.2d 326, 333; Wagner v Maenza, 223 A.D.2d 640; Zeidel v. Dunne, 215 A.D.2d 472; Cohn v Rothman-Goodman Mgt. Corp., 155 A.D.2d 579, 580). The Supreme Court properly concluded that the mortgage to Long Island Savings Bank created a lien against the appellant's interest and Steven's interest in the condominium. Accordingly, the appellant and Steven were obligated to contribute equally to the repayment of the equitable lien.

The appellant's remaining contentions are without merit. O'Brien, J.P., Santucci, Joy and Florio, JJ., concur.


Summaries of

Great Eastern Bank v. Chang

Appellate Division of the Supreme Court of New York, Second Department
May 28, 1996
227 A.D.2d 589 (N.Y. App. Div. 1996)
Case details for

Great Eastern Bank v. Chang

Case Details

Full title:GREAT EASTERN BANK, Respondent, v. STEVEN H. CHANG et al., Defendants, and…

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

Date published: May 28, 1996

Citations

227 A.D.2d 589 (N.Y. App. Div. 1996)
643 N.Y.S.2d 203

Citing Cases

Shaw Funding, L.P. v. Boris

Thus, the Shaw Funding Mortgage is enforceable only against the Boris Defendants' interest in the Property…

Johnson v. Melnikoff

"Rooted in equity, the purpose of the subrogation doctrine is to afford a person who pays a debt that is…