Mercogliano Lumber Corp. v. Sea Cliff Homes, Inc.

In an action to foreclose a purchase-money mortgage the plaintiff moves for summary judgment against the defendant Sea Cliff Homes, Inc.

The complaint alleges that the plaintiff is the assignee of the purchase-money mortgage executed by the defendant Sea Cliff Homes, Inc., hereinafter called “ Sea Cliff ”, to one Eudolph Caroleo, hereinafter called “ Caroleo ”, in connection with the sale of a certain plot of land owned by Caroleo and sold to the defendant Sea Cliff. It further alleges that the defendant Sea Cliff failed to make certain payments in accordance with the mortgage agreement, and…