City Enterprises, Ltd. v. Posemsky

*288OPINION OF THE COURT

Memorandum.

Judgment unanimously modified by dismissing the petition and, as so modified, affirmed without costs.

In December 1992, appellants received a loan from persons who ultimately assigned their full interests to petitioner in 1994. Appellants, who have lived in the subject cooperative apartment over 45 years, turned over their cooperative shares and proprietary lease as collateral for the loan, without obtaining prior approval from the cooperative board, and signed a confession of judgment. After appellants defaulted on the loan, petitioner provided them with a…