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NEW CENTURY MTGE. CORP. v. ADEYAN-JU

2014-07407, Index No. 101099/08.

139 A.D.3d 683 (2016)

32 N.Y.S.3d 193

2016 NY Slip Op 03479

NEW CENTURY MORTGAGE CORPORATION, Respondent, v. LANRE ADEYAN-JU, Appellant, et al., Defendants.

Appellate Division of the Supreme Court of New York, Second Department.

Decided May 4, 2016.

Ordered that the order is affirmed, with costs.

On January 4, 2006, the defendant Lanre Adeyan-Ju (hereinafter the appellant) executed an adjustable rate note promising to repay the plaintiff the principal sum of $302,250. The loan was secured by a mortgage on an apartment building in Staten Island. The appellant defaulted on the note on October 1, 2007. In 2008, the plaintiff commenced this mortgage foreclosure action against, among others, the appellant. Upon the...

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