Legal Opinion
Chase Manhattan Bank v. Brown & East Ridge Partners
Appellate Division of the Supreme Court of the State of New York
Decided April 29, 1998PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
Green, J. P.
This appeal concerns the respective rights of the mortgagor and the receiver appointed in this mortgage foreclosure action to the proceeds of a judgment for rent entered in favor of the mortgagor but remaining unpaid at the time of the receiver’s appointment. We conclude that the receiver is entitled to collect the proceeds of that judgment.
Defendant Brown & East Ridge Partners (partnership) borrowed $5.95 million from plaintiff to purchase a shopping center in the Town of Irondequoit. The loan was secured by two mortgages. In January 1996 the partnership…
2Cases cited22 opinions
- American Broadcasting Companies, Inc. v. WolfNew York Court of Appeals · 1981
- Jamaica Savings Bank v. M. S. Investing Co.New York Court of Appeals · 1937
- New York Life Insurance v. Fulton Development Corp.New York Court of Appeals · 1934
- Clark v. . RowlingNew York Court of Appeals · 1850
- Parker v. HoeferNew York Court of Appeals · 1957
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3Cited by4 opinions
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- Hechinger Liq. Trust v. BankBoston Retail Finance, Inc.District Court, D. Delaware · 2002
- U.S. Bank N.A. v. MAve Hotel Invs. LLCAppellate Division of the Supreme Court of the State of New York · 2025