BARROW v. ROCKSPRINGS MGMT. CO.


169 A.D.2d 585 (1991)

Spencer A. Barrow, Respondent, v. Rocksprings Management Company, Appellant

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

January 24, 1991


In March 1986, plaintiff sold defendant an apartment building. The parties executed a purchase-money note and mortgage and a consolidated agreement which merged the purchase-money mortgage and the preexisting bank mortgage (NatWest Mortgage) into a single lien. In April of 1988, plaintiff instituted this foreclosure action as a result of defendant's default on the mortgage note. Pursuant to a settlement agreement, defendant paid the overdue principal and the accrued interest...

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