Tomor v. 1733 Development Corp.

*375The defendants Jacob Frank and Rachel Frank executed a mortgage note securing their payment of a loan made by the plaintiffs for the Franks’ purchase of certain real property. After the Franks defaulted on the mortgage note, the parties submitted to arbitration before a rabbinical tribunal, a Beth Din, which awarded the plaintiffs the full amount of the outstanding debt.

The plaintiffs commenced this action against, among others, the Franks and Ocean View Equities Corp. (hereinafter Ocean View), the entity to which the Franks had since conveyed title to the premises. Thereafter, 1733…