Hard Money and Real Estate-A New York Story

A vintage cartoon (from the New Yorker?) has a bunch of New York people at a cocktail party, and the balloon for each of them simply says “Real Estate.” NY Prime Holding LLC v Nationstar Mtge., LLC  2019 NY Slip Op 30857(U)  March 27, 2019  Supreme Court, New York County  Docket Number: 157879/2018 Judge: John J. Kelley  is the story of a Harlem townhouse passed around in a game of musical real estate parcels.  A foreclosure action is filed on the very last day possible and ends the first round of the game.  The second round starts with a Judiciary Law § 487 claim. “On October 8, 2008, Badrul Islam (hereinafter Badrul) purchased real property located at 280 West 127th Street in Manhattan (the property) from Jason Hutto Franklin and Jermaine Hutto. On that date, Badrul gave a mortgage on the property to Golden First Mortgage Corp. (GFMC) in consideration of a $972,000 loan. GFMC…

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