Central Trust Co. v. Alcon Developers, Inc.

OPINION OF THE COURT

Elizabeth W. Pine, J.

This is a motion to approve a receiver’s accounting and discharge him and a cross application to set aside a foreclosure sale of premises known as Orchard Grove Village Mobile Home Park, Ontario, Wayne County, New York, and to disapprove the referee’s report. The sale occurred on July 14, 1977.

It is undisputed that the only bidder was the plaintiff bank, which bought the mobile home park for $1. Plaintiff’s judgment on foreclosure was in the amount of $1,894,109.23.

There is no contention here that there was failure to publish and post the notice of…