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BANKERS TRUST COMPANY v. HOOVIS

263 A.D.2d 937 (1999)

694 N.Y.S.2d 245

BANKERS TRUST COMPANY, Respondent, v. BARRY A. HOOVIS, Appellant, et al., Defendants.

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

Decided July 29, 1999.

Graffeo, J.

In 1989 defendant procured a mortgage with Olympia Mortgage Corporation in the amount of $64,000 in connection with the purchase of a home in the Town of Fallsburg, Sullivan County. The mortgage and note were originally assigned to Comfed Savings Bank and eventually to plaintiff, with the Ryland Mortgage Company administering the mortgage. Under the terms of the loan, defendant's monthly mortgage payments were $471.43 plus escrow payments for insurance...

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