Exchange Place Corp. v. Tarvan Realty, Inc.

In this action to foreclose various real estate mortgages the defendant Bradford Financial Corporation (hereinafter referred to as Bradford) moves for summary judgment upon its counterclaims and cross complaints and striking out the answer of the defendant Jacobson and Company, Inc.

The plaintiff Exchange Place Corporation (hereinafter referred to as Exchange) also moves for summary judgment.

The facts chronologically reveal that on November 28, 1961 the then owner of the subject premises executed its mortgage in the sum of $35,000 to Colonial Federal Savings and Loan Association (hereinafter…