Legal Opinion
Security Pacific Mortgage & Real Estate Services, Inc. v. Herald Center Ltd.
District Court, S.D. New York
Decided July 1, 1988No. 87 Civ. 3628 (PNL)PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM AND ORDER
LEVAL, District Judge.
Security Pacific Mortgage and Real Estate Services, Inc. (“Security Pacific”), mortgagee of a leasehold interest in the building at One Herald Square in New *46York City known as Herald Center, moves for summary judgment of foreclosure. The mortgagor Herald Center Limited (“HCL”) does not contest the fact of numerous defaults on its mortgage obligations.1 Nor does it dispute that the terms of the mortgage agreement permit foreclosure in the event of such defaults. HCL raises a number of affirmative defenses which, it asserts, defeat the claimed…
2Cases cited5 opinions
- In re the Title, Ballot Title & Submission Clause, & Summary Adopted February 3, 1993, Pertaining to the Proposed Election Reform AmendmentSupreme Court of Colorado · 1993
- Johnson v. GaughanAppellate Division of the Supreme Court of the State of New York · 1987
- Security Pacific Mortgage & Real Estate Services, Inc. v. Canadian Land Co. of America, N.V.District Court, S.D. New York · 1988
- Citibank, N.A. v. New York Land Co.District Court, S.D. New York · 1987
- Republic of the Philippines v. MarcosDistrict Court, S.D. New York · 1987
3Cited by1 opinion
- Security Pacific Mortgage and Real Estate Services, Inc. v. Herald Center, Ltd. And Canadian Land Company of America, N.V.Court of Appeals for the Second Circuit · 1989