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CADLE CO. v. BANKERS FEDERAL SAV. FSB

No. 95-CV-4892.

929 F.Supp. 636 (1996)

The CADLE COMPANY, Plaintiff, v. BANKERS FEDERAL SAVINGS FSB, Defendant.

United States District Court, E.D. New York.

July 1, 1996.

Attorney(s) appearing for the Case

William G. O'Donnell, Sr., O'Donnell & Fox, P.C., New York City, for plaintiff.

James G. Marsh, O'Reilly, Marsh & Corteselli, P.C., Mineola, NY, for defendant.

MEMORANDUM AND ORDER

GLASSER, District Judge:

FACTS

On December 22, 1986, defendant Bankers Federal Savings issued a mortgage to the Glenwood Management Company in the amount of $775,000.00, secured by the premises at 2610 Glenwood Road. Title to the property thereafter was conveyed to 2610 Glenwood Owners Corp., a cooperative apartment corporation, subject to Banker Federal's mortgage. On December 30, 1987, Bankers Federal sold a...

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