Manufacturers Trust Co. v. Seidlas Realty Corp.

Order settling receiver’s accounts in an action to foreclose a mortgage modified by reducing the allowance to the receiver from $687.48 to $274.98 and reducing the allowance to the attorney from $1,750 to $1,250, and as thus modified affirmed, without costs. There was no justification for the employment of an agent to collect the rents. The receiver should have done so. (Title Guarantee & Trust Co. v. Chambers Development Corp., 246 App. Div. 643; affd., 270 N. Y. 641; Pfeifer v. 1770 West Sixth Street Corp., 234 App. Div. 777.) Therefore, the disbursements to the agent should be deducted…