TREFOIL CAPITAL CORP. v. CREED TAYLOR, INC.


121 A.D.2d 874 (1986)

Trefoil Capital Corporation, Respondent, v. Creed Taylor, Inc., et al., Respondents, and CMNY Capital Company, Inc., Appellant

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

July 1, 1986


Plaintiff Trefoil Capital Corporation (hereinafter Trefoil) held a first mortgage on the townhouse home of Creed Taylor, owned by Creed Taylor, Inc. Defendant-appellant, CMNY Capital Company, Inc. (hereinafter CMNY), held a second mortgage on the property for approximately $350,000. Upon owner-mortgagor's default on the first mortgage, Trefoil commenced this foreclosure action in October 1983, joining as defendants the State and...

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