BAITING HOLLOW ACQUISITIONS, L. L. C. v. ESTATES OF BAITING HOLLOW, INC.


266 A.D.2d 490 (1999)

698 N.Y.S.2d 731

BAITING HOLLOW ACQUISITIONS, L. L. C., Respondent, v. ESTATES OF BAITING HOLLOW, INC., et al., Appellants, et al., Defendants.

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

Decided November 29, 1999.


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

In this action to foreclose a mortgage on 17 parcels of property, the parties entered into a stipulation of settlement, inter alia, for the appellants to receive a satisfaction of their mortgage obligation. In exchange, the appellants were to transfer title to two of the parcels, and pay $500,000 and all real estate taxes plus interest within six months of the date of the stipulation of...

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