In re the Liquidation of New York Title & Mortgage Co.

Only two claimants have interposed objections to the granting of the present motion to confirm the report of the referee appointed to pass upon trust claims.

The City Bank Farmers Trust Company objects to the dis-allowance of items aggregating $33,994.88 on the ground that these sums were wrongfully recouped by the title company at a time when taxes were in arrears. The moneys in question were not received by the title company by virtue of an assignment of rents, nor did they represent actual rents received from the mortgaged property. On the contrary, the moneys were advanced by a syndicate…