Legal Opinion
Tuthill Finance, A Limited Partnership v. Candlin
Appellate Division of the Supreme Court of the State of New York
Decided June 18, 2015No. 520095PublishedCited by 10 opinions
1Opinion of the Court
Lahtinen, J.P.
Appeal from an order of the Supreme Court (Melkonian, J.), entered January 17, 2014 in Ulster County, which, among other things, denied plaintiffs motion for summary judgment.
John Candlin (hereinafter decedent) owned a 31-acre parcel in Ulster County that included a horse farm as well as a single-family home where he and his family resided. In May 2007, decedent mortgaged the entire parcel in exchange for a 15-year $285,000 loan with an 11.5% adjustable interest rate. Decedent defaulted on the loan payments beginning in March 2010. Plaintiff commenced this foreclosure action in…
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