OneWEST BANK N.A. v. REY

2016-07653. Index No. 10203/14.

177 A.D.3d 990 (2019)

2019 NY Slip Op 08569

OneWest Bank N.A., Respondent, v. Manuel Rey, Appellant, et al., Defendants.

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

Decided November 27, 2019.


Ordered that the order is affirmed, with costs.

On March 5, 2010, the defendant Manuel Rey (hereinafter the defendant) borrowed the principal sum of $720,000. The loan was evidenced by a note and secured by a home equity conversion mortgage, also known as a reverse mortgage, encumbering certain real property in Long Beach. In October 2014, the plaintiff commenced this action to foreclose the reverse mortgage, alleging a failure to pay taxes and insurance premiums...

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