COLUMBUS REALTY INV. CORP. v. GRAY


240 A.D.2d 529 (1997)

658 N.Y.S.2d 685

Columbus Realty Investment Corporation, as Assignee of The Bank of New York, Appellant, v. Harrison M. Gray et al., Defendants, and Nicholas Katos, Respondent

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

June 16, 1997


Ordered that the order is reversed insofar as appealed from, on the law, without costs or disbursements, that branch of the plaintiff's motion which was for leave to enter a deficiency judgment is granted, and the matter is remitted to the Supreme Court, Suffolk County, for a hearing on the issue of the fair and reasonable market value of the mortgaged premises as of the date of the foreclosure sale and the entry of an appropriate deficiency judgment.

In the instant...

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