LANE v. ELWOOD ESTATES, INC.


31 A.D.2d 949 (1969)

Melvin Lane et al., Respondents, v. Elwood Estates, Inc., Appellant

Appellate Division of the Supreme Court of the State of New York, Second Department.

March 17, 1969


Judgment affirmed, with costs.

Although most of the facts are set forth in the dissenting memorandum, there are several additional facts which we believe are significant to the decision at bar. Plaintiff Melvin Lane had three different incomes at the time he made the application for the mortgage loan in March, 1965. His total income at that time was approximately $20,000 a year. In June of 1965, he lost two of his incomes which had provided approximately $18,000 of...

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