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HOME INS. CO. OF INDIANA v. KARANTONIS

156 A.D.2d 844 (1989)

Home Insurance Company of Indiana, Respondent, v. Paul Karantonis et al., Appellants, et al., Defendants

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

December 21, 1989

Mikoll, J.

Defendants Paul Karantonis, John Karantonis and Steven Karantonis (hereinafter collectively referred to as defendants) purchased, for investment purposes, real property located in the Town of Lake George, Warren County, in November 1980 for $71,000, which included a $25,000 mortgage held by defendants George Head, Linda Head and Madeline White.* The property, a motel known as Cobblestone Cottages, consisted of two...

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