MEADOWLANDS NAT'L BANK v. COURT DEV., INC.


192 N.J. Super. 579 (1983)

471 A.2d 801

MEADOWLANDS NATIONAL BANK, A NATIONAL BANKING ASSOCIATION, PLAINTIFF-RESPONDENT, v. COURT DEVELOPMENT, INC., A/K/A COURT DEVELOPMENT COMPANY, INC., A CORPORATION OF NEW JERSEY, N.H.U. PROPERTIES, INC., N/K/A NEW PROPERTIES, INC., A CORPORATION OF NEW JERSEY, AUGUST JULIANO, MASSAR-SILVER AGENCY, MIDLANTIC NATIONAL BANK, A NATIONAL BANKING ASSOCIATION, HAGGERTY & DONOHUE, P.A., AND WALTER E. MONAGHAN, FEIST & FEIST, INC., A CORPORATION OF NEW JERSEY, JOHN S. LAZARUS, INC., A CORPORATION OF NEW JERSEY, DEFENDANTS, AND SHORE RACQUET CLUB, INC., A CORPORATION OF DELAWARE, A/K/A SHORE RACQUET CLUB, DEFENDANT-RESPONDENT, AND HOWELL STATE BANK, A CORPORATION OF NEW JERSEY, DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided December 29, 1983.


Attorney(s) appearing for the Case

L. William Balsam argued the cause for appellant (Citrino, Balsam, DiBiasi & Daunno, attorneys; Victoria A. Morrison on the brief; L. William Balsam and Barney K. Katchen of counsel).

Paul J. Modarelli argued the cause for respondent Meadowlands National Bank (Platoff, Heftler, Harker, Nashel & Kates, attorneys).

John L. Bonello argued the cause for respondent Shore Racquet Club (Anschelewitz, Barr, Ansell & Bonello, attorneys).

Before Judges FRITZ, FURMAN and DEIGHAN.


The opinion of the court was delivered by FURMAN, J.A.D.

Howell State Bank (Howell) appeals from an order for sheriff's sale subsequent to a mortgage foreclosure judgment. Howell is a junior mortgagee on property owned by Court Development, Inc. (Court) in Ocean Township, Monmouth County.

The two mortgages which were foreclosed in this action were executed by Court to plaintiff Meadowlands National Bank (Meadowlands...

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