PENNYMAC HOLDINGS, LLC v. LANE

2016-10579, Index No. 31710/15.

171 A.D.3d 774 (2019)

97 N.Y.S.3d 194

2019 NY Slip Op 02533

Pennymac Holdings, LLC, Respondent, v. Lawanda Lane, Appellant, et al., Defendants.

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

Decided April 3, 2019.


Ordered that the order is affirmed, with costs.

On November 13, 2006, the defendant Lawanda Lane (hereinafter the defendant) executed a promissory note in the amount of $700,000, which was secured by a mortgage on residential property located in Montebello. On January 3, 2011, the defendant executed a loan modification agreement. The defendant defaulted on the loan by failing to make the monthly installment payment due on June 1, 2011, or any payments thereafter....

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