Legal Opinion
Central Trust Co. v. Dann
New York Court of Appeals
Decided June 13, 1995PublishedCited by 25 opinions
1Opinion of the Court
*769OPINION OF THE COURT
Bellacosa, J.
Plaintiff, a junior mortgagee, pursued surplus moneys resulting from a senior mortgagee’s foreclosure proceedings and sale. The primary issue is whether that constitutes a foreclosure action, triggering the strictures of RPAPL 1301 (3) and, consequently, precluding the junior mortgagee from subsequently suing a mortgagor for the balance on a loan note, unless leave of the court is obtained. A parallel issue is whether the senior mortgagee’s foreclosure action itself interposes the strictures of RPAPL 1301 (3) against subordinate lienholders, requiring them, in…
2Cases cited4 opinions
- Feiber Realty Corp. v. AbelNew York Court of Appeals · 1934
- Reichert v. . StilwellNew York Court of Appeals · 1902
- Stein v. Nellen Development Corp.New York Supreme Court · 1984
- Wyckoff v. DevlinNew York Court of Common Pleas · 1883
3Cited by25 opinions
- Old Republic National Title Insurance v. ConlinAppellate Division of the Supreme Court of the State of New York · 2015
- Bank of Am., N.A. v. AliAppellate Division of the Supreme Court of the State of New York · 2022
- Security National Servicing Corp. v. LiebowitzAppellate Division of the Supreme Court of the State of New York · 2001
- CDR Créances S.A. v. Euro-American Lodging Corp.Appellate Division of the Supreme Court of the State of New York · 2007
- Citimortgage, Inc. v. RamirezAppellate Division of the Supreme Court of the State of New York · 2020
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