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TRUSTCO BANK NEW YORK v. SAGE

238 A.D.2d 839 (1997)

656 N.Y.S.2d 542

Trustco Bank New York, as Successor in Interest to Home and City Savings Bank, Respondent, v. David N. Sage et al., Defendants, and Sidney Derman, Appellant

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

April 24, 1997

Yesawich Jr., J.

In this foreclosure action, plaintiff seeks to recover on a guaranty signed by defendant Sidney Derman and others, by the terms of which they jointly and severally guaranteed payment of a $535,000 loan extended to defendant Highland Associates. The loan was also secured by a mortgage on real property, which was subsequently sold to defendants David N. Sage and Robin Sage for $620,000. At the...

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