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Long Island Savings Bank v. Yaloz

Appellate Division of the Supreme Court of New York, Second Department
Dec 17, 2001
289 A.D.2d 380 (N.Y. App. Div. 2001)

Opinion

2000-04214

Submitted November 20, 2001.

December 17, 2001.

In an action to foreclose a mortgage, the plaintiff appeals from an order of the Supreme Court, Queens County (Thomas, J.), dated March 22, 2000, which, in effect, denied that branch of its motion which was to confirm the referee's report of sale and denied that branch of its motion which was for leave to enter a deficiency judgment against the defendants Gad Yaloz and Yedida Yaloz.

Upton, Cohen Slamowitz, Syosset, N.Y. (Jon M. Kessel of counsel), for appellant.

Before: SONDRA MILLER, J.P., WILLIAM D. FRIEDMANN, THOMAS A. ADAMS, BARRY A. COZIER, JJ.


ORDERED that the order is reversed, on the law, with costs, the motion is granted, and the matter is remitted to the Supreme Court, Queens County, for entry of a deficiency judgment against the defendants Gad Yaloz and Yedida Yaloz in the principal sum of $36,097.75.

The plaintiff was granted a judgment of foreclosure and sale. Following the sale of the property to the plaintiff, the referee issued a report of sale, calculating the amount of the deficiency to be $366,097.75. The plaintiff moved to confirm the referee's report and for leave to enter a deficiency judgment against the respondents Gad Yaloz and Yedida Yaloz in the sum of $37,097.75, purportedly representing the amount owed to the plaintiff ($366,097.75) less the appraised value of the property ($330,000). The motion was served on the respondents pursuant to CPLR 308(4) and they defaulted. The Supreme Court denied the motion on the ground that service was not made in accordance with RPAPL 1371(2).

Contrary to the determination of the Supreme Court, the respondents were properly served in accordance with the requirements of RPAPL 1371(2) (see, Citibank v. Demadet, 243 A.D.2d 532). Consequently, the Supreme Court erred in denying the plaintiff's motion. We note, however, that the plaintiff miscalculated the amount of the judgment. The referee found a deficiency of $366,097.75 and, therefore, the plaintiff is entitled to a judgment in the principal sum of $36,097.75, not $37,097.75.

S. MILLER, J.P., FRIEDMANN, ADAMS and COZIER, JJ., concur.


Summaries of

Long Island Savings Bank v. Yaloz

Appellate Division of the Supreme Court of New York, Second Department
Dec 17, 2001
289 A.D.2d 380 (N.Y. App. Div. 2001)
Case details for

Long Island Savings Bank v. Yaloz

Case Details

Full title:LONG ISLAND SAVINGS BANK, FSB, appellant, v. GAD YALOZ, et al.…

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

Date published: Dec 17, 2001

Citations

289 A.D.2d 380 (N.Y. App. Div. 2001)
734 N.Y.S.2d 878

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