Mae v. 133 Mgmt., LLC
| Court | New York Supreme Court — Appellate Division |
| Citation | Mae v. 133 Mgmt., LLC, 2015 NY Slip Op 1780, 2 N.Y.S.3d 361, 126 A.D.3d 670 (N.Y. App. Div. 2015) |
| Decision Date | 04 March 2015 |
| Parties | Fannie MAE, respondent, v. 133 MANAGEMENT, LLC, et al., appellants, et al., defendants. |
OPINION TEXT STARTS HERE
Sol Mermelstein, Brooklyn, N.Y. (S. Herman Klarsfeld of counsel), for appellants.
Windels Marx Lane & Mittendorf, LLP, New York, N.Y. (Mark A. Slama and Samuel M. Mizrahi of counsel), for respondent.
In an action to foreclose a mortgage, the defendants 133 Management, LLC, and Yuda J. Furth appeal, as limited by their brief, from so much of an order of the Supreme Court, Kings County (Graham, J.), dated December 21, 2012, as granted the plaintiff's motion for summary judgment on the complaint insofar as asserted against them, and to strike their answer.
ORDERED that the order is affirmed insofar as appealed from, with costs.
Contrary to the contention of the defendants 133 Management, LLC, and Yuda J. Furth (hereinafter together the Management defendants), the Supreme Court properly granted the plaintiff's motion for summary judgment on the complaint insofar as asserted against them and to strike their answer. The plaintiff established, prima facie, that, as set forth in the provisions of the mortgage, it was not required to give the Management defendants notice of their default or the plaintiff's intent to accelerate the debt ( see Charter One Bank, FSB v. Leone, 45 A.D.3d 958, 845 N.Y.S.2d 513; Long Is. Sav. Bank of Centereach, F.S.B. v. Denkensohn, 222 A.D.2d 659, 635 N.Y.S.2d 683). More...
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HSBC Bank v. Margineanu
...mortgage where the mere filing or even the swearing to of the complaint triggers acceleration (see Fannie Mae v. 133 Mtge., LLC , 126 A.D.3d 670, 2 N.Y.S.3d 361 [2d Dept. 2015] ; Hirsch v. Badle r , 3 A.D.2d 921, 162 N.Y.S.2d 720 [2d Dept. 1957] ; see also City Sts. Realty Corp. v. Jan Jay ......
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U.S. Bank Nat'l Ass'n v. Kropp-Somoza
...of the entire mortgage debt (see Deutsche Bank Natl. Trust Co. v. Adrian, 157 A.D.3d at 935, 69 N.Y.S.3d 706 ; Fannie Mae v. 133 Mgt., LLC, 126 A.D.3d 670, 670, 2 N.Y.S.3d 361 ). This established that the mortgage debt was accelerated in July 2009, and that, without more, the applicable six......
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Wilmington Sav. Fund Socy., FSB v. Heampstead Prop. Ventures II LLC
...980, 982, 943 N.Y.S.2d 540). Acceleration occurs, inter alia, by the commencement of a foreclosure action (see Fannie Mae v. 133 Mgt., LLC, 126 A.D.3d 670, 670, 2 N.Y.S.3d 361; Clayton Natl. v. Guldi, 307 A.D.2d 982, 982, 763 N.Y.S.2d 493). 'A lender may revoke its election to accelerate th......
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Bayview Loan Servicing, LLC v. Paniagua
...986, 41 N.Y.S.3d 738 ). Acceleration may occur, inter alia, by the commencement of a foreclosure action (see Fannie Mae v. 133 Mgt., LLC, 126 A.D.3d 670, 670, 2 N.Y.S.3d 361 ). "A lender may revoke its election to accelerate the mortgage, but it must do so by an affirmative act of revocatio......