Legal Opinion
NYCTL 1999-1 Trust v. NY Pride Holdings, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided December 15, 2009PublishedCited by 8 opinions
1Opinion of the Court
The surplus funds of a foreclosure sale stand in the place of the land for all purposes of distribution among persons having vested interests or liens upon the land (see Chase Manhattan Mtge. Corp. v Hall, 18 AD3d 413 [2005]; Shankman v Horoshko, 291 AD2d 441, 442 [2002]). RPAPL 1361 (2) provides that the court shall ascertain the amount due to any claimants and the priority of any liens for purposes of the distribution of surplus moneys.
*953A property formerly co-owned, in equal shares, by the defendant Union Street Management Group, Ltd. (hereinafter Union Street), and the defendant NY Pride…
2Cases cited4 opinions
- Teichman v. Community Hospital of Western SuffolkNew York Court of Appeals · 1996
- Datlof v. TuretskyAppellate Division of the Supreme Court of the State of New York · 1985
- Shankman v. HoroshkoAppellate Division of the Supreme Court of the State of New York · 2002
- Chase Manhattan Mortgage Corp. v. HallAppellate Division of the Supreme Court of the State of New York · 2005
3Cited by8 opinions
- Ryan v. CoverAppellate Division of the Supreme Court of the State of New York · 2010
- NYCTL 1998-2 Trust v. AvilaAppellate Division of the Supreme Court of the State of New York · 2015
- Manufacturers & Traders Trust Co. v. BertholeAppellate Division of the Supreme Court of the State of New York · 2015
- Emigrant Mortgage Co. v. BiggioAppellate Division of the Supreme Court of the State of New York · 2013
- Emigrant Mortgage Co. v. BiggioAppellate Division of the Supreme Court of the State of New York · 2013
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