Legal Opinion

Sun NLF Ltd. Partnership v. Sasso

New Jersey Superior Court Appellate Division

Decided June 26, 1998PublishedCited by 24 opinions

1Opinion of the Court

The opinion of the court was delivered by

DREIER, P.J.A.D.

Defendant Joseph N. Sasso appeals from a summary judgment striking defendant’s defenses in this mortgage foreclosure proceeding. Plaintiff, Sun NLF Limited Partnership, is the assignee of the Resolution Trust Corporation (RTC), which took over the assets of Prospect Park Savings & Loan Association. Prospect Park had loaned Sasso various sums to construct Phase I of a development known as Sun Rise at Marcella. Sasso had borrowed 1.5 million dollars to finance the development, and a year and one-half later the fifteen lots constituting…

2Cases cited24 opinions

  1. D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
  2. O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
  3. Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
  4. Atherton v. Federal Deposit Insurance Corp.Supreme Court of the United States · 1997
  5. Federal Deposit Insurance Corporation, as Receiver for the First National Bank of Toms River, New Jersey v. Lawrence E. Bathgate, II Novasau Associates, a New Jersey Limited Partnership New Nas, Inc. T. Pamela Bathgate 54 Buena Vista Associates, a New Jersey Limited Partnership Tuscol Development, Inc., a New Jersey Corporation Old Monmouth Associates, a New Jersey Partnership Airport Associates, a New Jersey Partnership Gerald A. Gura the Club at West Deptford, a Limited Partnership, a New Jersey Limited Partnership State of New Jersey Columbia Savings and Loan Association Asset Recovery Management, Inc. William Bowman Associates, Inc. National Westminster Bank Nj, Successor to First Jersey National Bank/south. Lawrence E. Bathgate, II Novasau Associates New Nas, Inc. 54 Buena Vista Associates, a New Jersey Limited Partnership Tuscol Development, Inc., a New Jersey Corporation Old Monmouth Associates, a New Jersey Partnership, Third-Party v. William Barlow John C. Fellows, Jr. Ebert L. Hall Joseph P. Iaria David E. Johnson, Jr. Irene F. Kramer Jacqueline F. Pappas John F. Russo Leonard G. Lomell Office of the Comptroller of the Currency John McDougal Third-Party Federal Deposit Insurance Corporation, as Receiver for the First National Bank of Toms River v. Nla Associates Limited Partnership, a New Jersey Limited Partnership Lgp-I Limited Partnership, a New Jersey Limited Partnership Lgp-I Capital Corp., a New Jersey Corporation New Nas, Inc. Lawrence E. Bathgate, II Alan B. Landis Novasau Associates, a Limited Partnership, a New Jersey Limited Partnership. Lawrence Bathgate, II Novasau Associates, Limited Partnership New Nas, Inc. 54 Buena Vista Associates Tuscol Development, Inc. And Old Monmouth Associates (The Bathgate Defendants)Court of Appeals for the First Circuit · 1994

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3Cited by24 opinions

  1. U.S. Bank National Association, as Trustee for TheNew Jersey Superior Court Appellate Division · 2016
  2. Associates Home Eq. Servs. v. TroupNew Jersey Superior Court Appellate Division · 2001
  3. Delacruz v. AlfieriNew Jersey Superior Court Appellate Division · 2015
  4. Adelman v. BSI Fin. Servs., Inc.New Jersey Superior Court Appellate Division · 2018
  5. Cadle Co. v. PatoineSupreme Court of Vermont · 2001

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