Golden City Commercial Bank v. Hawk Properties Corp.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Judgment, Supreme Court, New York County (Carol Huff, J.), entered September 27, 1996, which, in a mortgage foreclosure action, confirmed the Referee’s report of sale, and awarded plaintiff a deficiency judgment in the amount of $1,288,448.70, plus interest from May 3, 1995, unanimously modified, on the law and the facts, to reduce the deficiency judgment to $777,649.77, plus interest from May 3, 1995, and otherwise affirmed, without costs.
Contrary to defendants’ claim, the standard of reasonable market value embodied in RPAPL 1371 (2), not that of commercial reasonableness embodied in UCC…
2Cases cited9 opinions
- Federal Deposit Insurance v. ForteAppellate Division of the Supreme Court of the State of New York · 1983
- Federal Deposit Insurance v. ForteAppellate Division of the Supreme Court of the State of New York · 1988
- Griffo v. Swartz, New York County Courts1969
- Commercial Trading Co. v. FreidusAppellate Division of the Supreme Court of the State of New York · 1986
- Evergreen Bank v. D & P Justin's, Inc.Appellate Division of the Supreme Court of the State of New York · 1989
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3Cited by6 opinions
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- Recoll Management Corp. v. QuadriniAppellate Division of the Supreme Court of the State of New York · 1998
- Tri-Land Properties, Inc. v. 115 West 28th Street Corp.Appellate Division of the Supreme Court of the State of New York · 2000
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