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IN RE CHURCHILL MORTG. INV. CORP.

Bankruptcy No. 97 B 20967(ASH).

233 B.R. 61 (1999)

In re CHURCHILL MORTGAGE INVESTMENT CORP., Debtor.

United States Bankruptcy Court, S.D. New York.

April 20, 1999.

Attorney(s) appearing for the Case

Serchuk & Zelermyer, LLP, White Plains, NY, for Barbara Balaber-Strauss, Chapter 7 Trustee.

Morrison Cohen Singer & Weinstein, LLP, New York City, for Official Committee of Unsecured Creditors.

Harold B. Tevelowitz, Valhalla, NY, for objectants.

DECISION ON MOTION FOR SUMMARY JUDGMENT

ADLAI S. HARDIN, Jr., Bankruptcy Judge.

At issue on this motion for summary judgment is the disputed entitlement to real property located at 24 William Street, Ossining, New York (the "Property"), legal title to which was acquired by Churchill Mortgage Investment Corp. ("CMIC" or the debtor) upon its foreclosure of a mortgage it held against the Property. Upon an application...

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