In re Title Guarantee & Trust Co.

Appeal from order confirming report of an official referee finding that there was a surplus for a six-month period available for payment to a mortgagee, under section 1077-e of the Civil Practice Act, from a parcel of real property upon which the petitioner had an overdue mortgage. Order affirmed, with ten dollars costs and disbursements. There is no provision in the statute concerning the method of bookkeeping an owner must use. The owner is entitled to avail himself of either a cash basis or an accrual basis. (Matter of Schulman v. Silber, 257 App. Div. 391.) The owner herein apparently…