Centech LLC v. Yippie Holdings, LLC

Judgment, Supreme Court, New York County (Jeffrey K. Oing, J.), entered August 27, 2015, which, to the extent appealed from, adjudging that the sum of $3,905,282.23 in principal and interest was due on the mortgage prior to foreclosure sale, unanimously affirmed, with costs.

The record amply supports the IAS court’s conclusion that the mortgage on the property remained valid, and continued to accrue interest, following the placement of the deed in escrow and the subsequent transfer of the deed to the mortgage lender’s designee (Patmos Fifth Real Estate Inc. v Mazl Bldg., LLC, 124 AD3d 422, 426…