Legal Opinion
In re an In Rem Tax Foreclosure Action No. 31
New York Supreme Court
Decided July 31, 1987Published
1Opinion of the Court
OPINION OF THE COURT
David B. Saxe, J.
The movant Patco Real Estate Investors, Inc. (hereinafter Patco) has moved for an order preliminarily enjoining the City of New York from conveying, foreclosing or otherwise interfering with its ownership of the premises known as 151-153 West 133rd Street, New York, New York.
On June 6, 1985, Patco took title to the premises, subject to the terms of an in rem installment agreement. Apparently, Patco has made significant improvements and repairs to the premises. Additionally, it is undisputed that Patco has made all quarterly principal and interest payments…
2Cases cited4 opinions
- Nassau Trust Co. v. Montrose Concrete Products Corp.New York Court of Appeals · 1982
- Noyes v. . AndersonNew York Court of Appeals · 1891
- Key International Manufacturing, Inc. v. StillmanAppellate Division of the Supreme Court of the State of New York · 1984
- Massachusetts Mutual Life Insurance v. Transgrow Realty Corp.Appellate Division of the Supreme Court of the State of New York · 1984