In re the Estate of Campbell

Delehanty, S.

At his death deceased had a controlling interest in a corporation which in turn owned all of the capital stock of a' realty company which had the legal title to a parcel of property, improved by an apartment house. In August, 1932, the property' in question was subject to three mortgages. The last in point of hen was owned by the claimant here. Deceased had entered into an agreement sometime in 1931 wherein among other things he agreed, in the event of foreclosure of prior mortgages, to pay to the claimant here any deficiency in the collection of its mortgages up to but not…