Legal Opinion

Dovenmuehle Mortgage, Inc. v. Mobley

New York Supreme Court

Decided December 21, 2016Published

1Opinion of the Court

OPINION OF THE COURT

Genine D. Edwards, J.

*562In this action for breach of contract, inter alia, defendant moves for summary judgment.

In May of 2010, defendant entered into a loan modification agreement with LNV Corporation regarding 28 Kossuth Place, Brooklyn, New York (subject premises). The loan amount was $559,000. Apparently, the amount was split whereby defendant would remit monthly payments on $396,870.92 and a balloon payment of $162,129.08 would be due at maturity of the loan.

Subsequently, in June 2015, defendant entered into a contract to sell the subject premises. Defendant requested…

2Cases cited7 opinions

  1. First Union National Bank v. TecklenburgAppellate Division of the Supreme Court of the State of New York · 2003
  2. Mew Equity, LLC v. Sutton Land Services, LLCAppellate Division of the Supreme Court of the State of New York · 2016
  3. U.S. Bank, National Ass'n v. NobleAppellate Division of the Supreme Court of the State of New York · 2016
  4. Warmhold v. ZagarinoAppellate Division of the Supreme Court of the State of New York · 2016
  5. Regions Bank v. CampbellAppellate Division of the Supreme Court of the State of New York · 2002

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