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BANK OF COMMERCE v. MARKAKOS

22 N.J. 428 (1956)

126 A.2d 346

BANK OF COMMERCE, A BANKING INSTITUTION OF THE STATE OF NEW JERSEY, PLAINTIFF-APPELLANT, v. SANTOS MARKAKOS, LOUIS CHUMSKY, ET ALS., DEFENDANTS-RESPONDENTS.

The Supreme Court of New Jersey.

Decided November 5, 1956.

Attorney(s) appearing for the Case

Mr. Felix Rospond argued the cause for the appellant (Messrs. Rospond & Rospond, attorneys).

No one argued the cause for the respondents.

The opinion of the court was delivered by VANDERBILT, C.J.

The plaintiff bank instituted an action to foreclose a mortgage held by it. Default was entered against all of the defendants except junior mortgagees who filed answers that did not dispute the priority of the subsequent encumbrances stated in the complaint, and apparently they have no substantial interest in the question before us.

The bank moved for the entry of a final judgment to which it was entitled...

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