SERIAL FED. SAV. & LOAN ASS'N OF NEW YORK CITY v. CRESCIMANNO


35 A.D.2d 561 (1970)

Serial Federal Savings and Loan Association of New York City, Plaintiff, v. Elizabeth Crescimanno, Respondent, et al., Defendants. Midas Collections, Inc., Appellant

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

July 13, 1970


Order reversed, with $10 costs and disbursements, and motion denied.

Although the purchaser as this foreclosure sale bought the property for $1,000, a nominal amount, any deficiency judgment has been waived. Under the circumstances presented herein, there was no such inadequacy in price as to shock the conscience of the court in order to justify the vacation of the sale (State Realty & Mtge. Co. v. Villaume, 121 App. Div. 793). Moreover, we wish to note...

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