G.G.F. DEV. CORP. v. ANDREADIS


251 A.D.2d 624 (1998)

676 N.Y.S.2d 488

G.G.F. Development Corp., Respondent, v. George Andreadis et al., Defendants, and Josefa San Roman, Appellant

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

June 29, 1998


Ordered that the order is affirmed insofar as appealed from, with costs.

The plaintiff established that it acquired the subject mortgage as a sound and legitimate business investment by an assignment which was supported by valuable and substantial consideration. Moreover, the plaintiff did not seek to foreclose until approximately five months after the assignment, and neither the appellant nor any other party sought to satisfy the underlying debt in the interim. Under...

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