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UNION NAT'L BANK v. JOHNSON

209 A.D.2d 775 (1994)

617 N.Y.S.2d 993

Union National Bank, Respondent, v. Kevin J. Johnson et al., Appellants, et al., Defendants

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

November 3, 1994

Casey, J.

The mortgaged premises were purchased by defendant mortgagors in February 1986 for $195,000, a value that was confirmed by a real estate appraisal prior to the loan. The mortgage loan obtained from plaintiff was $156,000. When the required mortgage payments fell into arrears, plaintiff commenced this action for foreclosure. Plaintiff's motion for summary judgment was granted without opposition. The...

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