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MARINE MIDLAND BANK v. RAMLEH ENTERS., INC.

202 A.D.2d 403 (1994)

608 N.Y.S.2d 525

Marine Midland Bank, N. A., Respondent, v. Ramleh Enterprises, Inc., Appellants, et al., Defendants

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

March 7, 1994

Ordered that the order is affirmed insofar as appealed from, with costs.

This foreclosure action arises from the appellants' default on a real estate acquisition and development loan given by the plaintiff. During a pre-trial settlement conference before the court, this action was purportedly settled for $2,600,000, with the appellants agreeing to pay the plaintiff within 90 days from execution of a written stipulation...

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