Legal Opinion
Green Point Savings Bank v. Litas Investing Co.
Appellate Division of the Supreme Court of the State of New York
Decided November 3, 1986PublishedCited by 7 opinions
1Opinion of the Court
On March 30, 1983, the plaintiff as purchaser and the defendant as seller entered into a contract for the sale of a parcel of property in Brooklyn, New York, for the price of $980,000. A $7,500,000 blanket mortgage on this and other parcels of land owned by the defendant was held by the estate of Frederick W. I. Lundy at the time. This mortgage was then assigned to the Kasa Lithuanian Federal Credit Union (hereinafter Kasa). The parties agreed that the closing on the subject property would be scheduled for December 30, 1983, with time being of the essence. The defendant was to convey clear…
2Cases cited5 opinions
- Da Silva v. MussoNew York Court of Appeals · 1981
- Stern v. Gepo Realty Corp.New York Court of Appeals · 1942
- Levy v. LaceyNew York Court of Appeals · 1968
- Check-Mate Industries, Inc. v. Say AssociatesAppellate Division of the Supreme Court of the State of New York · 1984
- F & F Restaurant Corp. v. Wells, Goode & Benefit, Ltd.New York Court of Appeals · 1984
3Cited by7 opinions
- Naso v. HaqueAppellate Division of the Supreme Court of the State of New York · 2001
- Barnett v. Star Mechanical Corp.Appellate Division of the Supreme Court of the State of New York · 1991
- Goldstein v. HeldAppellate Division of the Supreme Court of the State of New York · 2009
- Voorheesville Rod & Gun Club, Inc. v. E. W. Tompkins Co.Appellate Division of the Supreme Court of the State of New York · 1990
- Stutzmann Realty, Inc. v. PetraliaAppellate Division of the Supreme Court of the State of New York · 1990
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