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MEHLMAN MGMT. CORP. v. FONG MAY FAN

121 A.D.2d 609 (1986)

Mehlman Management Corp., Appellant, v. Fong May Fan, Defendant, and Belsky Company, Inc., Respondent

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

June 23, 1986

Judgment affirmed insofar as appealed from, with costs.

No conversion occurred in this case. The defendant Belsky, the holder of record of a mortgage assigned to it by Mehlman in order to secure two loans, received the proceeds from the mortgage when it came due. Belsky retained the sum necessary to pay off its loans with Mehlman, and placed the remainder, $48,151.62, in escrow, as it had been advised that there were other...

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