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RESOLUTION TRUST v. HIDDEN PONDS PHASE IV DEVELOP.

No. CV 92-3534.

873 F.Supp. 799 (1995)

RESOLUTION TRUST CORP., etc., Plaintiff, v. HIDDEN PONDS PHASE IV DEVELOPMENT ASSOCIATES, et al., Defendants.

United States District Court, E.D. New York.

January 31, 1995.

Attorney(s) appearing for the Case

Berkman, Henoch, Peterson, Peddy & Scarcella, P.C. by Thomas E. Stagg, Garden City, NY, for plaintiff.

Meltzer, Lippe, Goldstein, Wolf, Schlissel & Sazer, P.C. by Richard Gabriele, Mineola, NY, for defendants Hidden Ponds Phase IV Development Associates & Solgar Co., Inc.

MEMORANDUM AND ORDER

WEXLER, District Judge.

Plaintiff Resolution Trust Corporation ("RTC"), as receiver for Whitestone Federal Savings and Loan Association ("Whitestone") and Nassau Savings and Loan Association, F.A. ("Nassau"), brought this action to foreclose a first mortgage given by defendant Hidden Ponds Phase IV Development Associates ("Phase IV") and to foreclose a subordinate mortgage held by defendant Solgar Credit, A Division of the Solgar...

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