Legal Opinion
Sansone v. Cavallaro
Appellate Division of the Supreme Court of the State of New York
Decided June 28, 2001PublishedCited by 5 opinions
1Opinion of the CourtMugglin, J.
Appeal from an order of the Supreme Court (Connor, J.), entered July 1, 1999 in Greene County, which granted plaintiffs’ motion for summary judgment.
In June 1997, defendant purchased plaintiffs’ motel. One hundred percent of the purchase price was paid by plaintiffs’ acceptance of an interest-free mortgage in the principal sum of $97,000. Thereafter, in November 1997, the mortgage was modified to reduce the principal amount to $85,000 and the monthly payment to $643.94. In order to qualify for bank financing to make improvements to the motel, defendant was required to satisfy plaintiffs’…
2Cases cited5 opinions
- Nassau Insurance v. MurrayNew York Court of Appeals · 1978
- Law v. BenedictAppellate Division of the Supreme Court of the State of New York · 1993
- Rapuzzi v. City of New YorkAppellate Division of the Supreme Court of the State of New York · 1990
- Sendel v. DiskinAppellate Division of the Supreme Court of the State of New York · 2000
- First Union National Bank v. WestonAppellate Division of the Supreme Court of the State of New York · 1999
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