Scott Mollen Foreclosures—Receiver—Court Denies Motion To Stay Foreclosure Action and Grants Motion for Appointment of a Temporary Receiver—Executive Order 202.28 Applies Only to Individuals Not to LLC's
This decision involved an action to foreclose a commercial mortgage on two properties and a motion of appointment of a temporary receiver (receiver) to preserve and protect the properties and to collect any rents and profits. The defendants cross-moved for an order dismissing the complaint pursuant to CPLR 3211(a)(2) and (a)(7), or alternatively, staying this action.Realty Law Digest
Scott E. Mollen, a partner at Herrick, Feinstein, discusses two foreclosure cases: "Bridgecity Capital QOB v. 1717 E. 8 St. LLC," and "NYCTL 2016-A Trust v. Neighborhood Youth & Family Services."
March 16, 2021 at 01:53 PM
12 minute read
Scott Mollen
Foreclosures—Receiver—Court Denies Motion To Stay Foreclosure Action and Grants Motion for Appointment of a Temporary Receiver—Executive Order 202.28 Applies Only to Individuals Not to LLC's
This decision involved an action to foreclose a commercial mortgage on two properties and a motion of appointment of a temporary receiver (receiver) to preserve and protect the properties and to collect any rents and profits. The defendants cross-moved for an order dismissing the complaint pursuant to CPLR 3211(a)(2) and (a)(7), or alternatively, staying this action.
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