NEW YORK STATE MORTGAGE LOAN ENFORCEMENT & ADMIN. CORP. v. NORTH TOWN PHASE II HOUSES, INC.


191 A.D.2d 151 (1993)

594 N.Y.S.2d 183

New York State Mortgage Loan Enforcement and Administration Corporation et al., Respondents, v. North Town Phase II Houses, Inc., et al., Appellants, et al., Defendants. New York State Mortgage Loan Enforcement and Administration Corporation et al., Respondents, v. North Town Phase III Houses, Inc., et al., Appellants, et al., Defendants

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

March 2, 1993


The record demonstrates plaintiffs made a prima facie case of entitlement to foreclosure based upon their production of the note, additional note, mortgage, consolidated agreement between the parties and defendants' own fiscal auditors' financial statements which evidenced that the obligations as to principal had not been discharged. Defendants, who had used the monies received to finance two Mitchell-Lama developments in the early...

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