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ALFORD v. PROGRESSIVE EQUITY FUNDING CORP.

144 A.D.2d 756 (1988)

Jennifer L. Alford et al., Appellants, v. Progressive Equity Funding Corporation et al., Respondents. (Action No. 1.) Ella MacDonough et al., Appellants, v. Progressive Equity Funding Corporation et al., Respondents. (Action No. 2.)

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

November 3, 1988

Casey, J.

Plaintiffs in action No. 1 are the purchasers of a parcel of real property located in Chenango County and plaintiffs in action No. 2 are the sellers of the real property. The corporate defendant in both actions, Progressive Equity Funding Corporation, is a mortgage bank to which the purchasers had applied for a mortgage loan to finance their purchase of the property, and the individual defendant, Michael J. Pichel, is one of the bank's corporate...

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