Legal Opinion

Beal Bank, SSB v. Sandpiper Resort Corp.

Appellate Division of the Supreme Court of the State of New York

Decided November 20, 2000Published

1Opinion of the Court

—In a mortgage foreclosure action, the plaintiff appeals, on the ground of inadequacy, from a deficiency judgment of the Supreme Court, Suffolk County (Hall, J.), entered August 19, 1999, which, upon an order of the same court dated April 5, 1999, inter alia, granting that branch of its motion which was for leave to enter a deficiency judgment, is in the principal sum of only $275,160.61.

Ordered that the deficiency judgment is affirmed, with costs.

The court’s determination that the fair and reasonable market value of the mortgaged premises as of the date of the foreclosure sale was $1,800,000…

2Cases cited2 opinions

  1. Plaza Hotel Associates v. Wellington Associates, Inc.New York Court of Appeals · 1975
  2. Farmers National Bank of Malone v. TullochAppellate Division of the Supreme Court of the State of New York · 1976

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