Bushwick Sav. Bank v. Traum
Opinion of the Court
The respondents misconceive the point of our former decision. It was essential and necessary that the mortgagee should continue his action for the foreclosure of the mortgage for the purpose of establishing the amount due thereunder, and the amount which the mortgagee thus established was the amount of the lien due at the time of the sale of the premises under the foreclosure of the first mortgage, and became immediately, when established, transferred as a lien upon the surplus moneys. The mortgage being then a lien, and the foreclosure being necessary to establish that lien, and requiring the judgment of the court in its establishment, the court was authorized in pronouncing judgment to award to the successful party costs, and they are an incident of the judgment thus awarded and become a part thereof (King v. Poole, 86 Barb. 242), and are to be treated as a part of the lien secured by the mortgage at the time when the sale creating.the surplus was had. There is nothing in any of
The motion for a reargument is denied, with $10 costs and disbursements.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.