Harlem Savings Bank v. Salvador Realty Corp.

Plaintiff moves to resettle a judgment of foreclosure and sale, the effect of which would direct that a deficiency judgment be entered against the corporate defendant.

The facts of the instant case disclose that the mortgage involved was executed on May 15, 1936. The judgment of foreclosure and sale was entered on February 20, 1940, and the sale was thereafter conducted on March 15, 1940, at which plaintiff bid $5,000. *505It then appears that the plaintiff, in accordance with the provisions of the judgment prepared by it, applied to the court for the allowance of a deficiency judgment. A…