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Merrill Lynch Credit Corp. v. Averell

Appellate Division of the Supreme Court of New York, Second Department
May 29, 2001
283 A.D.2d 618 (N.Y. App. Div. 2001)

Opinion

Argued May 3, 2001.

May 29, 2001.

In an action to foreclose a mortgage, East End Developers, the successful bidder at a foreclosure sale, appeals from an order of the Supreme Court, Suffolk County (Floyd, J.), dated October 13, 2000, which denied its motion to compel the Referee to pay real estate taxes out of the proceeds of the sale, and granted the plaintiff's motion to hold it in default of its obligations under the terms of sale.

Hamburger, Maxson Yaffe, LLP, Melville, N.Y. (Richard Hamburger and William P. Caffrey, Jr., of counsel), for nonparty-appellant.

Wechsler Bursky Cohen, New York, N.Y. (David B. Wechsler and Alicia Bursky-Stillman of counsel), for plaintiff-respondent.

Before: FRED T. SANTUCCI, J.P., GLORIA GOLDSTEIN, SANDRA J. FEUERSTEIN and STEPHEN G. CRANE, JJ.


ORDERED that the order is affirmed, with costs.

"The record demonstrates that the [appellant], an experienced purchaser of foreclosed properties, had notice that the property at issue was being sold subject to the payment by the purchaser of any unpaid taxes, liens, or encumbrances. Having proceeded with the purchase under those terms, the [appellant] cannot now claim that the judgment of foreclosure and sale should be modified to eliminate that obligation" (Better Homes Depot v. Kraut, A.D.2d [2d Dept., Apr. 23, 2001]; see, Federal Natl. Mtge. Assn. v. Nittoli, 250 A.D.2d 427).

SANTUCCI, J.P., GOLDSTEIN, FEUERSTEIN and CRANE, JJ., concur.


Summaries of

Merrill Lynch Credit Corp. v. Averell

Appellate Division of the Supreme Court of New York, Second Department
May 29, 2001
283 A.D.2d 618 (N.Y. App. Div. 2001)
Case details for

Merrill Lynch Credit Corp. v. Averell

Case Details

Full title:MERRILL LYNCH CREDIT CORPORATION, F/K/A MERRILL LYNCH EQUITY MANAGEMENT…

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

Date published: May 29, 2001

Citations

283 A.D.2d 618 (N.Y. App. Div. 2001)
725 N.Y.S.2d 876

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