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Federal Home Loan Mortgage Corp. v. Sierra

Appellate Division of the Supreme Court of New York, First Department
Apr 25, 1996
226 A.D.2d 283 (N.Y. App. Div. 1996)

Opinion

April 25, 1996

Appeal from the Supreme Court, New York County (Herman Cahn, J.).


We agree with the IAS Court that the four guarantees in issue, given by defendant in settlement of four mortgage foreclosure actions that plaintiff had brought in Federal court, do not represent obligations separate and distinct from the debts underlying the four mortgages to which they all refer ( compare, GIT Indus. v. Rose, 81 A.D.2d 656, 657). Therefore, the guarantees cannot be enforced, plaintiff having sought neither leave from the Federal court to bring a separate action pursuant to RPAPL 1301 (3) nor deficiency judgments pursuant to RPAPL 1371 (3) ( TBS Enters. v. Grobe, 114 A.D.2d 445, lv denied 67 N.Y.2d 602). Any alleged waiver of RPAPL 1371 (3) does not avail plaintiff, since it is plaintiff's failure to seek deficiency judgments pursuant to that statute that renders the four guarantees unenforceable ( supra, at 447-448).

Concur — Sullivan, J.P., Ellerin, Wallach, Williams and Mazzarelli, JJ.


Summaries of

Federal Home Loan Mortgage Corp. v. Sierra

Appellate Division of the Supreme Court of New York, First Department
Apr 25, 1996
226 A.D.2d 283 (N.Y. App. Div. 1996)
Case details for

Federal Home Loan Mortgage Corp. v. Sierra

Case Details

Full title:FEDERAL HOME LOAN MORTGAGE CORPORATION, Appellant, v. HERIBERTO SIERRA…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Apr 25, 1996

Citations

226 A.D.2d 283 (N.Y. App. Div. 1996)
641 N.Y.S.2d 291

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