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MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. v. MANISCALCO

46 A.D.3d 1279 (2007)

848 N.Y.S.2d 766

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., Respondent, v. SAM MANISCALCO, Appellant, et al., Defendants.

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

Decided December 27, 2007.

Cardona, P.J.

In early 2004, defendant Sam Maniscalco (hereinafter defendant) decided to refinance his home mortgage loan. In the course of the loan application process, he allegedly informed Michael Lederman, the president of Mortgage Source, a mortgage brokerage, of an outstanding judgment taken against him by his former counsel in the amount of $17,000. According to defendant, Lederman told him that Mortgage Source could establish an escrow account of $35,000 from...

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