From Casetext: Smarter Legal Research

Fannie Mae v. 133 Mgmt., LLC

SUPREME COURT OF THE STATE OF NEW YORK Appellate Division, Second Judicial Department
Mar 4, 2015
126 A.D.3d 670 (N.Y. App. Div. 2015)

Summary

filing of foreclosure action

Summary of this case from Greco v. Bank of Am., N.A.

Opinion

2013-06528 Index No. 1574/11

03-04-2015

Fannie Mae, respondent, v. 133 Management, LLC, et al., appellants, et al., defendants.

Sol Mermelstein, Brooklyn, N.Y. (S. Herman Klarsfeld of counsel), for appellants. Windels Marx Lane & Mittendorf, LLP, New York, N.Y. (Mark A. Slama and Samuel M. Mizrahi of counsel), for respondent.


JOHN M. LEVENTHAL

CHERYL E. CHAMBERS

SHERI S. ROMAN, JJ.

Sol Mermelstein, Brooklyn, N.Y. (S. Herman Klarsfeld of counsel), for appellants.

Windels Marx Lane & Mittendorf, LLP, New York, N.Y. (Mark A. Slama and Samuel M. Mizrahi of counsel), for respondent.

DECISION & ORDER

In an action to foreclose a mortgage, the defendants 133 Management, LLC, and Yuda J. Furth appeal, as limited by their brief, from so much of an order of the Supreme Court, Kings County (Graham, J.), dated December 21, 2012, as granted the plaintiff's motion for summary judgment on the complaint insofar as asserted against them, and to strike their answer.

ORDERED that the order is affirmed insofar as appealed from, with costs.

Contrary to the contention of the defendants 133 Management, LLC, and Yuda J. Furth (hereinafter together the Management defendants), the Supreme Court properly granted the plaintiff's motion for summary judgment on the complaint insofar as asserted against them and to strike their answer. The plaintiff established, prima facie, that, as set forth in the provisions of the mortgage, it was not required to give the Management defendants notice of their default or the plaintiff's intent to accelerate the debt (see Charter One Bank, FSB v Leone, 45 AD3d 958; Long Is. Sav. Bank of Centereach, F.S.B. v Denkensohn, 222 AD2d 659). Moreover, the plaintiff's commencement of the action and filing of a notice of pendency constituted a valid election to accelerate the maturity of the debt (see Charter One Bank, FSB v Leone, 45 AD3d at 958). In opposition, the Management defendants failed to raise a triable issue of fact.

The Management defendants' remaining contentions are either academic or without merit.

DILLON, J.P., LEVENTHAL, CHAMBERS and ROMAN, JJ., concur.

ENTER:

Aprilanne Agostino

Clerk of the Court


Summaries of

Fannie Mae v. 133 Mgmt., LLC

SUPREME COURT OF THE STATE OF NEW YORK Appellate Division, Second Judicial Department
Mar 4, 2015
126 A.D.3d 670 (N.Y. App. Div. 2015)

filing of foreclosure action

Summary of this case from Greco v. Bank of Am., N.A.

In Fannie Mae v 133 Management, LLC (126 AD3d 670 [2d Dept 2015]), the Court held that the plaintiff established, prima facie, that, as set forth in the provisions of the mortgage, it was not required to give the defendants notice of their default or the plaintiff's intent to accelerate the debt.

Summary of this case from Wells Fargo Bank v. Fetonti
Case details for

Fannie Mae v. 133 Mgmt., LLC

Case Details

Full title:Fannie Mae, respondent, v. 133 Management, LLC, et al., appellants, et…

Court:SUPREME COURT OF THE STATE OF NEW YORK Appellate Division, Second Judicial Department

Date published: Mar 4, 2015

Citations

126 A.D.3d 670 (N.Y. App. Div. 2015)
2015 N.Y. Slip Op. 1780
2 N.Y.S.3d 361

Citing Cases

Beneficial Homeowner Serv. Corp. v. Tovar

"[E]ven if a mortgage is payable in installments, once a mortgage debt is accelerated, the entire amount is…

Zucker v. HSBC Bank

There is an apparent dispute among the courts as to whether it is the filing of the summons and foreclosure…