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SUMMIT TRUST CO. v. CHICHESTER

233 N.J. Super. 417 (1989)

559 A.2d 12

THE SUMMIT TRUST COMPANY, PLAINTIFF-RESPONDENT, v. JOHN CHICHESTER AND SALLY CHICHESTER, DEFENDANTS-APPELLANTS.

Superior Court of New Jersey, Appellate Division.

Decided June 5, 1989.

Attorney(s) appearing for the Case

O'Connor & Verde, attorneys for appellants (Richard J. Verde, on the brief).

Ostrowitz & Ostrowitz, attorneys for respondent (Louis A. Novellino, on the brief).

Before Judges PETRELLA, SHEBELL and GRUCCIO.

The opinion of the court was delivered by PETRELLA, P.J.A.D.

Plaintiff, The Summit Trust Company (Summit Trust) instituted a foreclosure action against defendants John and Sally Chichester seeking to foreclose on two mortgages executed in a single "bridge loan"1 transaction between it and defendants. The Chancery Judge granted Summit Trust's motion for summary judgment and ordered that...

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