Kedik v. Kedik

During the pendency of this matrimonial action, plaintiff and defendant sold their marital residence. Plaintiff and defendant agreed with plaintiffs parents to escrow the sale proceeds in light of looming litigation regarding a mortgage on the home held by the parents. The parents thereafter commenced an action to recover on the mortgage against both parties. Plaintiff and defendant subsequently entered into an in-court stipulation agreeing, among other things, to equally divide any excess proceeds from the sale following resolution of the parents’ action. Their judgment of divorce…