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CAMBRIDGE FACTORS, INC. v. THOMPSON

215 A.D.2d 427 (1995)

626 N.Y.S.2d 259

Cambridge Factors, Inc., Respondent, v. Earl G. Thompson, Appellant, et al., Defendants

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

May 8, 1995

Ordered that the order and judgment is affirmed, with costs.

As a general rule of law, a mortgage may become merged and extinguished where title to the land and ownership of the mortgage become vested in the same person (see, 78 NY Jur 2d, Mortgages and Deeds of Trust, § 314; Becker v Snowden Dev. Corp., 66 Misc.2d 1060; American Sav. & Loan Assn. v Eidelberg, 54 Misc.2d 668<...

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