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FEDERAL HOME LOAN MORTG. CORP. v. DUTCH LANE ASSOCIATES

No. 90 Civ. 7623 (GLG).

810 F.Supp. 86 (1992)

FEDERAL HOME LOAN MORTGAGE CORPORATION, Plaintiff, v. DUTCH LANE ASSOCIATES, Morton L. Ginsberg, d/b/a A & P Maintenance, Village of Spring Valley, and People of the State of New York, Defendants.

United States District Court, S.D. New York.

December 28, 1992.

Attorney(s) appearing for the Case

Cooper, Liebowitz, Royster & Wright, Elmsford, NY (Thomas B. Decea, of counsel), for plaintiff.

Harvis Trien & Beck, New York City (Robert M. Trien, of counsel), for defendants.

OPINION

GOETTEL, District Judge.

I. FACTUAL BACKGROUND

On October 16, 1991, this court granted summary judgment of foreclosure on a consolidated mortgage and note held by plaintiff the Federal Home Loan Mortgage Corporation ("FHLMC") after defendant Dutch Lane Associates ("Dutch Lane") defaulted on its monthly payments.1 A judgment of foreclosure and sale was entered in July 1992 and a referee was appointed to conduct...

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