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BTC MORTGAGE INVESTORS TRUST 1997-SI v. ALTAMONT FARMS INC.

284 A.D.2d 849 (2001)

727 N.Y.S.2d 513

BTC MORTGAGE INVESTORS TRUST 1997-SI, Appellant, v. ALTAMONT FARMS, INC., et al., Respondents.

Appellate Division of the Supreme Court of the State of New York, Third Department.

Decided June 28, 2001.

Lahtinen, J.

In December 1998, plaintiff obtained a judgment of foreclosure and sale on a fruit farm owned by defendants in the Town of Lloyd, Ulster County, after defendants defaulted on their mortgage to plaintiff. In March 1999, plaintiff purchased the property at the foreclosure sale for $600,000. In July 1999, plaintiff moved pursuant to RPAPL 1371 to confirm the Referee's report of sale and for a deficiency judgment in the amount of $1,253,400 representing the...

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