BANK OF AMERICA, N.A. v. GULNICK

527046.

170 A.D.3d 1365 (2019)

95 N.Y.S.3d 639

2019 NY Slip Op 01878

Bank of America, N.A., Appellant, v. Burton Gulnick Jr., as Limited Public Administrator of the Estate of John C. Casciaro, Deceased, Respondent, et al., Defendants.

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

Decided March 14, 2019.


In September 2008, John C. Casciaro (hereinafter decedent) executed a home equity conversion mortgage (hereinafter the mortgage), more commonly referred to as a reverse mortgage, to secure a note for $361,500. Identical terms in the note and mortgage authorized the lender to require immediate payment in full upon the death of the borrower...

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