AMICUS AI
Citation Codes
Equivalent Citations
citation codes
Docket Number
Attorney(S)
Judges
Are you a practicing lawyer?
Enhance your digital presence and reach by creating a Casemine profile.
Upload pleading to use the new AI search
Cites
Cited by
Citation Codes
Equivalent Citations
citation codes
Docket Number
Attorney(S)
Judges

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., Respondent, v. ROSALIE HORKAN et al., Defendants. IPA ASSET MANAGEMENT II, LLC, Nonparty Appellant.

Ordered that the order is affirmed insofar as appealed from, with costs.

Following a foreclosure auction conducted on March 26, 2007 the highest bidder at the auction defaulted by failing to appear for a scheduled closing. The plaintiff, who was the second highest bidder at the auction, moved, inter alia, for an order directing the transfer of title of the subject premises to Countrywide Home Loans, Inc., as the plaintiff's ultimate assignee. Under the unique circumstances of this case, the Supreme Court providently exercised its discretion in granting that branch of the plaintiff's motion. A foreclosure action is equitable in nature and triggers the equitable powers of the court ( see Notey v Darien Constr. Corp., 41 NY2d 1055, 1055-1056). "Once equity is invoked, the court's power is as broad as equity and justice require" ( Norstar Bank v Morabito, 201 AD2d 545, 546).

The parties' remaining contentions are without merit.

Use AI to get other relevant cases.

Comments

MORTGAGE ELEC. REGISTRATION SYS. v. HORKAN
(Dec 15, 2009)