STEIN v. CULA CAPITAL CORPORATION


260 A.D.2d 569 (1999)

688 N.Y.S.2d 636

ROBERT STEIN, Respondent, v. CULA CAPITAL CORPORATION et al., Defendants, and GEORGE PRODROMAKIS, Appellant.

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

Decided April 19, 1999.


Ordered that the order is reversed, on the law, with costs, the plaintiff's motion is denied, and the Referee is directed to deliver a deed to the appellant herein.

In 1985, the defendant Cula Capital Corporation (hereinafter Cula) mortgaged a 3.1-acre parcel of land to the plaintiff, Robert Stein, for $255,000. In 1996, Cula redeemed a half acre of that parcel for $150,000. Thereafter, Cula defaulted, and a judgment of foreclosure and sale on the remaining 2.6 acres...

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