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NAT'L BANK OF NORTH AM. v. COHEN

89 A.D.2d 725 (1982)

National Bank of North America, Appellant, v. Reva Cohen, Respondent, et al., Defendants

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

July 22, 1982

Reva Cohen gave a mortgage to plaintiff bank as security for a loan of $43,000, with an 8.5% annual interest rate, to finance the purchase of a home. Defendant agreed to pay plaintiff $346.25 monthly on the mortgage. She defaulted in December, 1978. In July, 1979, plaintiff declared defendant in default, declared the entire amount due and commenced a foreclosure action. A judgment of foreclosure and sale was entered on June 4, 1981. The sale was scheduled for August 14, 1981...

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