First National Bank v. Intermont, Inc.

Appeal from an order and judgment of the Supreme Court at Special Term, entered September 23, 1974 in Cortland County. Special Term denied defendants’ cross motion for an order setting aside the foreclosure sale herein based upon a claim of inadequacy of price, and granted plaintiff’s motion for an order confirming the referee’s report of sale. Following a hearing granted on defendants’ motion, the court determined that the fair and reasonable market value of the real property was the sum of $227,500, and a deficiency judgment was directed to be entered against the individual and corporate…