Arthur v. Burkich
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
*106OPINION OF THE COURT
Yesawich, Jr., J.
Petitioners purchased a 12-unit apartment building in the City of Saratoga Springs, Saratoga County, from respondent under an installment sales contract entered into in 1984. As dictated by the agreement, upon passage of title the balance due on" the transaction, $123,631.38, was secured by a purchase-money mortgage. The mortgage, dated January 11, 1986, provided for the payment of $25,000 in varying amounts on June 1 of 1986, 1987 and 1988, together with 36 monthly payments of $1,053.22 commencing June 1, 1986 and a balloon payment on June 1, 1989 at the…
2Cases cited9 opinions
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- Feldman v. Kings Highway Savings BankNew York Court of Appeals · 1951
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