SARASOTA, INC. v. HOMESTEAD ACRES AT GREENPORT, INC.


249 A.D.2d 290 (1998)

670 N.Y.S.2d 878

Sarasota, Inc., Doing Business as Credit Control Management, Appellant, v. Homestead Acres at Greenport, Inc., et al., Respondents, et al., Defendants

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

April 6, 1998


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 against the defendants Homestead Acres at Greenport, Inc., and Schabse Gordon 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...

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