Legal Opinion

Jad Realty Corp. v. Marathon Steam Laundry Co.

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

Decided December 15, 1930Published

1Opinion of the Court

Judgment of foreclosure entered May 19, 1930, modified by providing that parcel II shall not be sold unless it appears on the proceedings under the judgment that the proceeds resulting from the sale of parcel I are insufficient to meet or to liquidate the amount of the judgment. In the event that it is insufficient in this regard then and only then may parcel II be sold to meet such deficiency. (Shipman v. Niles, 75 App. Div. 451; affd., 177 N. Y. 527.) As thus modified the judgment is unanimously affirmed, with costs to appellant. Findings of fact and conclusions of law inconsistent herewith…

2Cases cited2 opinions

  1. Shipman v. NilesAppellate Division of the Supreme Court of the State of New York · 1902
  2. Webb v. . NilesNew York Court of Appeals · 1903

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