Legal Opinion

Portfolio v. City of Watertown

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

Decided February 7, 2001PublishedCited by 2 opinions

1Opinion of the Court

—Order unanimously modified on the law and as modified affirmed without costs in accordance with the following Memorandum: Supreme Court erred in denying plaintiff’s motion for partial summary judgment on the second cause of action in the second amended complaint. It is undisputed that defendant City of Watertown (City) conducted the foreclosure proceedings and tax sale at issue without the consent of the Federal Deposit Insurance Corporation (FDIC). Pursuant to 12 USC § 1825 (b) (2), “No property of the [FDIC] shall be subject to levy, attachment, garnishment, foreclosure, or sale without…

2Cases cited1 opinion

  1. Beal Bank, SSB v. Nassau CountyDistrict Court, E.D. New York · 1997

3Cited by2 opinions

  1. NYCTL 1998-1 Trust v. Cooper Third AssociatesAppellate Division of the Supreme Court of the State of New York · 2007
  2. NYCTL 2004-A Trust v. Mesivta Yeshiva Rabbi Chaim BerlinNew York Supreme Court · 2006

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