1163 REALTY CORP. v. UNITED INSTITUTIONAL SERVICING CORP.


55 A.D.2d 908 (1977)

1163 Realty Corp., Respondent, v. United Institutional Servicing Corp. et al., Appellants

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

January 17, 1977


Judgment reversed, on the law and the facts, with costs, and complaint dismissed.

In 1965 the plaintiff corporation, a builder of one-family homes, entered into an oral agreement with defendants, mortgage bankers, whereby the latter, for set fees, were to provide plaintiff with construction loans and permanent mortgage financing on a proposed development in Staten Island. Essentially, defendants were middlemen between plaintiff and various banks, although they did...

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