State Savings, F.A. v. Parc Vendome Associates
Opinion of the Court
Order, Supreme Court, New York County (Lewis Friedman, J.), entered October 5, 1994, which denied the motion of substituted plaintiff, MBR Holdings Associates, for leave to add seven condominium units to the foreclosure action, and order of the same court and Justice entered on or about March 7, 1995, which, insofar as appealable, denied MBR Holdings’ motion to renew, unanimously affirmed, without costs.
The motion court properly denied assignee MBR Holdings Associates’ motion for leave to add seven condominium units to the foreclosure action instituted by its assignor, State Savings. The State Savings complaint in this foreclosure action specifically named only five condominium units and indicated repayment of some of the mortgage loan. We adhere to the view, previously expressed by this Court, "that the failure to proceed against all the security is an abandonment of the lien
We have considered appellant’s other contentions and find them to be without merit. Concur—Sullivan, J. P., Wallach, Rubin, Kupferman and Mazzarelli, JJ.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.