From Casetext: Smarter Legal Research

Hypotheekbank v. 349 Operating

Appellate Division of the Supreme Court of New York, First Department
Dec 16, 1997
245 A.D.2d 140 (N.Y. App. Div. 1997)

Opinion

December 16, 1997

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


Plaintiff's judgment against the individual defendant, Paul Esteva, which emanated from a deficiency in a separate and distinct foreclosure action, was not docketed prior to the delivery of the Referee's deed in the instant foreclosure action, and therefore does not constitute a lien enforceable against the surplus money realized in this proceeding ( see, Tupper Lake Natl. Bank v. Magedson, 187 A.D.2d 147, 150; County Trust Co. v. Marman Dev. Corp., 10 A.D.2d 1003). In any event, plaintiff's judgment is against the individual defendant Mr. Esteva, and not 349 Corp., the former owner of the property and the owner of the equity of redemption at the time of the foreclosure, and thus, even if timely filed, would not constitute a lien against the property in issue. Accordingly, there is no need for a hearing to determine who should get the surplus proceeds, there being no dispute that they should pass to 349 Corp., the preforeclosure owner of the property. The instant surplus money proceeding is neither the appropriate forum to determine Mr. Esteva's interest in 349 Corp., nor to enforce plaintiff's judgment against Mr. Esteva ( see, 79 N.Y. Jur 2d, Mortgages and Deeds of Trust, § 801, citing Quackenbush v. O'Hare, 129 N.Y. 485).

Concur — Milonas, J. P., Rosenberger, Ellerin, Nardelli and Colabella, JJ.


Summaries of

Hypotheekbank v. 349 Operating

Appellate Division of the Supreme Court of New York, First Department
Dec 16, 1997
245 A.D.2d 140 (N.Y. App. Div. 1997)
Case details for

Hypotheekbank v. 349 Operating

Case Details

Full title:FRIESCH-GRONINGSCHE HYPOTHEEKBANK, Also Known as REALTY CREDIT…

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

Date published: Dec 16, 1997

Citations

245 A.D.2d 140 (N.Y. App. Div. 1997)
666 N.Y.S.2d 163