CHASE MORTGAGE COMPANY v. FOWLER


280 A.D.2d 892 (2001)

721 N.Y.S.2d 184

CHASE MORTGAGE COMPANY, Formerly Known as CHEMICAL MORTGAGE COMPANY, Respondent, v. DWIGHT FOWLER, Appellant, et al., Defendants.

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

Decided February 7, 2001.


Order unanimously reversed on the law with costs, motion denied and summary judgment dismissing the complaint granted to defendants.

Memorandum:

Supreme Court erred in granting plaintiff's motion for summary judgment in this action to foreclose a mortgage encumbering real property owned by Dwight Fowler (defendant). At the time of defendant's tender of $5,000, plaintiff, as mortgagee, had not validly exercised its right to accelerate the debt because the notice...

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