Onondaga Savings Bank v. Cale Development Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Simons, J.
These are appeals from a judgment and order which granted Onondaga Savings Bank a deficiency judgment in mortgage foreclosure proceedings involving property mortgaged to it by defendant Cale Development Co., Inc. The subject property is a leasehold acquired in 1965 by Cale from the Little Falls Urban Renewal Agency upon which Cale constructed a shopping center. In 1968 the lease was assigned by Cale to Randall Holden for $1.25 million. In December, 1974, when the mortgage was foreclosed, there was a balance due on the debt of $887,206.34. The property was sold at…
2Cases cited16 opinions
- Plaza Hotel Associates v. Wellington Associates, Inc.New York Court of Appeals · 1975
- People ex rel. Gale v. Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1962
- In re the City of New YorkNew York Court of Appeals · 1977
- In re the City of New YorkAppellate Division of the Supreme Court of the State of New York · 1962
- Kurnick v. StateAppellate Division of the Supreme Court of the State of New York · 1976
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3Cited by15 opinions
- Addis Co. v. SrogiAppellate Division of the Supreme Court of the State of New York · 1980
- John P. Burke Apartments, Inc. v. SwanAppellate Division of the Supreme Court of the State of New York · 1988
- L. Smirlock Realty Corp. v. Title Guarantee Co.Appellate Division of the Supreme Court of the State of New York · 1983
- Marine Midland Bank, N. A. v. Harrigan Enterprises, Inc.Appellate Division of the Supreme Court of the State of New York · 1986
- Hudson City Savings Institution v. DrazenAppellate Division of the Supreme Court of the State of New York · 1990
10 more not listed; retrieve them via the Exa API.