Lend-Mor Mortgage Bankers Corp. v. Nicholas
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
“Under New York’s Recording Act (Real Property Law § 291), a mortgage loses its priority to a subsequent mortgage where the subsequent mortgagee is a good-faith lender for value, and records its mortgage first without actual or constructive knowledge of the prior mortgage” (Washington Mut. Bank, FA v Peak Health Club, Inc., 48 AD3d 793, 797 [2008]). Here, at the time *681the plaintiff, Lend-Mor Mortgage Bankers Corp. (hereinafter Lend-Mor), received a mortgage on the subject property for the sum of $244,000, a prior mortgage in favor of the defendant Ameriquest Mortgage Company (hereinafter…
2Cases cited6 opinions
- Alvarez v. Prospect HospitalNew York Court of Appeals · 1986
- Katz v. KatzAppellate Division of the Supreme Court of the State of New York · 1979
- Washington Mutual Bank, FA v. Peak Health Club, Inc.Appellate Division of the Supreme Court of the State of New York · 2008
- Magriples v. TekelchAppellate Division of the Supreme Court of the State of New York · 2008
- Mobarak v. MowadAppellate Division of the Supreme Court of the State of New York · 2008
1 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
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- 2 Lisa Court Corp. v. LicalziAppellate Division of the Supreme Court of the State of New York · 2011
- Fargo v. SavinettiAppellate Division of the Supreme Court of the State of New York · 2014
- WMC Mtge. Corp. v. VandermulenAppellate Division of the Supreme Court of the State of New York · 2022
4 more not listed; retrieve them via the Exa API.