Legal Opinion

Columbian Mutual Life Insurance v. Horizons of Schuyler, Inc.

Appellate Division of the Supreme Court of the State of New York

Decided July 12, 1996PublishedCited by 1 opinion

1Opinion of the Court

—Order unanimously affirmed without costs. Memorandum: Because the amount of the judg*979ment of foreclosure and sale exceeds the amount paid for the property upon the sale, plaintiff is entitled to the proceeds remaining in the receiver’s account (see, RPAPL 1371 [4]; Albany Sav. Bank v Greller Assocs. [appeal No. 2], 178 AD2d 953, 954, lv denied 79 NY2d 757; Albany Sav. Bank v Thum Realty, 97 AD2d 891; Dime Sav. Bank v Anshel Realty Corp., 58 AD2d 881, 882). Defendants argue that the fair market value of the property exceeds the amount plaintiff paid for the property at the foreclosure sale and…

2Cases cited3 opinions

  1. Hudson City Savings Institution v. DrazenAppellate Division of the Supreme Court of the State of New York · 1990
  2. Albany Savings Bank v. David Thum Realty, Inc.Appellate Division of the Supreme Court of the State of New York · 1983
  3. Dime Savings Bank v. Anshel Realty Corp.Appellate Division of the Supreme Court of the State of New York · 1977

3Cited by1 opinion

  1. Lehman Bros. Holdings, Inc. v. PensonAppellate Division of the Supreme Court of the State of New York · 2004

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