Legal Opinion
Virginia Beach Federal v. Bank of New York
New Jersey Superior Court Appellate Division
Decided March 17, 1997PublishedCited by 8 opinions
1Opinion of the Court
COBURN, J.S.C. (temporarily assigned).
In this mortgage foreclosure action, plaintiff Virginia Beach Federal (“VBF”), the first mortgagee, and defendant The Bank of New York (“BNY”), the second mortgagee, claim the legal right to surplus funds generated at the sheriffs sale of the mortgaged *183property. VBF seeks reimbursement from the surplus funds for payment of real estate taxes, insurance premiums, and property inspection costs incurred after the entry of the final judgment of foreclosure but before the sheriffs sale. BNY was the successful bidder at the sheriffs sale, and it claims…
2Cases cited5 opinions
- Colonial B. L. Assn. v. Mongiello Bros., Inc.New Jersey Court of Chancery · 1936
- National Mortgage Co. v. SyriaqueNew Jersey Superior Court Appellate Division · 1994
- Resolution Trust Corp. v. GriffinNew Jersey Superior Court Appellate Division · 1994
- Central Trust Co. v. Central Freezing Co.New Jersey Court of Chancery · 1915
- New York & Suburban Federal Savings & Loan Ass'n v. SandermanNew Jersey Superior Court Appellate Division · 1978
3Cited by8 opinions
- Gonzalez v. Wilshire Credit Corp.Supreme Court of New Jersey · 2011
- Customers Bank v. Reitnour Inv. Props., LPNew Jersey Superior Court Appellate Division · 2018
- Washington Mutual, FA v. WroblewskiNew Jersey Superior Court Appellate Division · 2007
- Albanes v. Wells Fargo Bank, NA (In re Albanes)United States Bankruptcy Court, D. New Jersey · 2016
- Liberty Mutual Fire Insurance v. AlexanderNew Jersey Superior Court Appellate Division · 2005
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