Fazio v. Freedman
Opinion of the Court
. In amortgage foreclosure action in which, by a third-party action, defendants Freedman inter alia seek exoneration, the third-party defendant appeals, as limited by his brief, from so much of an order of the Supreme Court, Rockland County, entered February 8, 1977, as denied his motion to dimiss the third-party complaint pursuant to CPLR 1003. Order affirmed insofar as appealed from, with $50 costs and disbursements. The third-party plaintiffs and the third-party defendant agreed to guarantee a loan made by plaintiff to Claridge Travel, Inc. They also agreed to execute bonds in the amount of $85,000, and mortgages on their respective homes. The indemnity agreement provided that the balance of principal and interest would become due if Claridge defaulted in its payments to plaintiff. Upon Claridge’s default, plaintiff commenced an action for foreclosure and a deficiency judgment against the third-party plaintiffs who, in turn, sought exoneration from the third-party defendant, their cosurety. The third-party defendant moved to dismiss the
Case-law data current through December 31, 2025. Source: CourtListener bulk data.