Desser v. Schatz
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order, Supreme Court, New York County (Kristin Booth Glen, J.), entered October 10, 1990, which granted the motions and cross-motions of all defendants to dismiss the complaint, unanimously reversed, on the law, the motions denied, and the complaint reinstated, without costs.
On or about December 14, 1970, Milton Sheen and Irving Schatz duly executed a purchase money mortgage on Manhattan real estate known as the Henry Hudson Hotel to Arthur Desser for $427,275, together with a bond payable in 12 years. On July 6, 1971, Desser assigned that same purchase money mortgage to Security National…
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