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WAINCO FUNDING v. LOGIUDICE

199 A.D.2d 950 (1993)

606 N.Y.S.2d 86

Wainco Funding, Respondent, v. Laura Logiudice et al., Defendants, and Rynone Manufacturing Corporation, Appellant

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

December 30, 1993

Mahoney, J.

Defendants Laura Logiudice and Angela Bila (hereinafter the borrowers) own real property in the Town of Hyde Park, Dutchess County. The property is encumbered by two mortgages — a first mortgage in favor of Tuthill Finance securing a $160,000 debt (hereinafter the Tuthill mortgage) and a second mortgage against Bila's one-half undivided interest in favor of defendant Rynone Manufacturing...

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