Legal Opinion
Rainbow Venture Associates v. Parc Vendome Associates, Ltd.
Appellate Division of the Supreme Court of the State of New York
Decided November 2, 1995PublishedCited by 10 opinions
1Opinion of the Court
—Order, Supreme Court, New York County (Stuart Cohen, J.), entered June 29, 1994, which granted plaintiffs motion to reargue and, upon reargument, granted, in part, plaintiffs motion for leave to commence a separate action to recover for physical damages to the mortgaged premises, unanimously affirmed, with costs.
RPAPL 1301 (3) precludes a mortgagee who has elected foreclosure from commencing a separate action on the mortgage debt, without leave of the court (Marine Midland Bank v Lake Huntington Dev. Group, 185 AD2d 395, 396). Therefore, in those instances in which a party has obtained a…
2Cases cited4 opinions
- Sanders v. PalmerNew York Court of Appeals · 1986
- Dollar Dry Dock Bank v. Piping Rock Builders, Inc.Appellate Division of the Supreme Court of the State of New York · 1992
- Marine Midland Bank N.A. v. Lake Huntington Development Group, Inc.Appellate Division of the Supreme Court of the State of New York · 1992
- 201 Brook Realty Corp. v. Merrill AssociatesAppellate Division of the Supreme Court of the State of New York · 1993
3Cited by10 opinions
- U.S. Bank National Ass'n Ex Rel. J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-LDP11 v. Perlmutter (In Re South Side House, LLC)United States Bankruptcy Court, E.D. New York · 2012
- Shaw Funding, L.P. v. GrauerAppellate Division of the Supreme Court of the State of New York · 2012
- Deutsche Bank Natl. Trust Co. v. GouldAppellate Division of the Supreme Court of the State of New York · 2020
- Deutsche Bank Natl. Trust Co. v. GouldAppellate Division of the Supreme Court of the State of New York · 2020
- Patmos Fifth Real Estate, Inc. v. Mazl Bldg., LLCAppellate Division of the Supreme Court of the State of New York · 2020
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