Court of Appeals of New York
DLJ Mortgage Capital, Inc. v. Kontogiannis, 253 SSM 29
The Appellate Division correctly determined that: 1) as a matter of law, plaintiff, as a third-party purchaser of mortgages on the secondary mortgage market, cannot rely on pre-closing documents to establish that a proper conveyance and recording of the underlying property occurred or that title insurance for the property was issued; and 2) any such reliance was unjustifiable.
Appellate Information
- Decided 11/14/2013
- Published 11/14/2013
Judges
Court
- Court of Appeals of New York