Legal Opinion
Federal National Mortgage Ass'n v. New York Financial & Mortgage Co.
Appellate Division of the Supreme Court of the State of New York
Decided December 29, 1995PublishedCited by 7 opinions
1Opinion of the Court
—In an action to foreclose a mortgage, the defendant New York Financial & Mortgage Co., Inc., appeals from an order of the Supreme Court, Nassau County (Roncallo, J.), dated October 12, 1993, which denied its motion to set aside a foreclosure sale.
Ordered that the order is affirmed, with costs.
In the exercise of its equitable powers, a court has the discretion to set aside a judicial sale where fraud, collusion, mistake, or misconduct casts suspicion on the fairness of the sale (see, Long Is. Sav. Bank v Valiquette, 183 AD2d 877; see also, Guardian Loan Co. v Early, 47 NY2d 515, 520-521).
Here,…
2Cases cited4 opinions
- Guardian Loan Co. v. EarlyNew York Court of Appeals · 1979
- Crossland Mortgage Corp. v. FrankelAppellate Division of the Supreme Court of the State of New York · 1993
- Long Island Savings Bank of Centereach, F.S.B. v. Jean Valiquette, M.D., P. C.Appellate Division of the Supreme Court of the State of New York · 1992
- Vanderbilt Realty Corp. v. GordonAppellate Division of the Supreme Court of the State of New York · 1987
3Cited by7 opinions
- Dime Savings Bank of New York, FSB v. ZapalaAppellate Division of the Supreme Court of the State of New York · 1998
- U.S. Bank National Ass'n v. TestaAppellate Division of the Supreme Court of the State of New York · 2016
- Home Federal Savings Bank v. VersaceAppellate Division of the Supreme Court of the State of New York · 2000
- Citicorp Mortgage, Inc. v. RonkonAppellate Division of the Supreme Court of the State of New York · 2001
- Hudson City Savings Bank v. WoodardNew York Supreme Court · 2017
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