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ROSENKRANTZ v. ROSENKRANTZ

184 A.D.2d 478 (1992)

Lester Rosenkrantz, Respondent-Appellant, v. Marjorie Rosenkrantz, Appellant-Respondent Norman Nadel et al., Appellants-Respondents, v. Lester Rosenkrantz et al., Respondents-Appellants

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

June 30, 1992

On these cross-appeals, a principal area of dispute concerns the disposition of proceeds of sale of the former marital home. In order to redeem the marital home from forced sale by the Internal Revenue Service, plaintiff's father's Estate loaned plaintiff and defendant $225,000, secured by a third mortgage, pursuant to a letter agreement dated April 21, 1986. The agreement provided the Estate would receive one-half the net proceeds...

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