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RES. FIN., INC. v. PECE

195 A.D.2d 840 (1993)

600 N.Y.S.2d 782

Resource Financing, Inc., Respondent, v. Emanuel Pece et al., Appellants. (And a Third-Party Action.)

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

July 22, 1993

Mikoll, J.

Defendants executed a mortgage in favor of plaintiff on property in Ulster County to secure a $90,000 loan to build a modular home. Plaintiff commenced an action to reform the mortgage alleging that, due to mistake, the property subject to the mortgage was erroneously described on the mortgage and that the parties agreed to mortgage the property on which the modular home was to be constructed but, in error, the description in the mortgage was...

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