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55 Misc. 443

Weil v. Lippman

New York Supreme Court

Decided May 15, 1907

New York Supreme Court · decided 1907-05-15

<p>Foreclosure of mortgages on land — Redemption — Tender or payment into court.</p> <p>Subrogation — Rights of junior incumbrancer.</p> <p>An offer by the owner of mortgaged premises to pay the amount claimed to be due on a mortgage, under an order permitting it to be paid without prejudice to any of the mortgagee’s rights and without in any manner attempting to adjudicate upon the question of the sufficiency of the tender, where the amount offered was not paid into court until more than three weeks after the trial, is an insufficient tender to support an action for the cancellation of the mortgage.</p>

Cited by 1 later decisions — most recently November 1924

1 state decisions

Relies on Halpin v. . Phenix Ins. Co.

Good law ✅— No negative treatment on recordhow we know

Decided 1907-05-15

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Giegerich, J.

¶1The plaintiffs, before suit, tendered to the defendant the sum of $4,500, the whole amount claimed to he due on the mortgage after deducting a certain discount therein provided for, and offered to pay the usual fees for the execution of a satisfaction piece of said mortgage, but the defendant refused to accept the amount tendered on the ground that only the original mortgagor and not the plaintiffs, who are subsequent owners, were entitled to such discount. It is unnecessary to express any opinion now as to whether or not the sum tendered was sufficient. The tender was ineffectual in any event, because the amount offered was not paid into court until more than three weeks after the trial. The order permitting it to be paid expressly provides that it should be “ without prejudice to any of the defend^ ant’s rights and without in any manner attempting to adjudicate upon the question of the sufficiency of the tender.” Since the plaintiffs sued in equity for affirmative relief, i. e., to procure the cancellation of a mortgage upon real property, they were bound to keep the tender good by bringing the money into court at the -time of the commencement of the action and allege that fact in the complaint. Halpin v. Phenix Ins. Co., 118 N. Y. 165; Foster v. Mayer, 70 Hun, 265; McNeil v. Sun & Evening Sun Bldg. Assn., 75 App. Div. 290. There is no pretense that the plaintiffs did this. The complaint alleges “ that the plaintiffs now bring the said sum of $4,500 into court, to be paid to the defendant when he shall have executed a satisf action piece of and when he shall have delivered the said mortgage to the plaintiffs for the purpose of discharging and satisfying the same of recordbut, as above shown, no money was paid into court until after the trial. The complaint must, therefore, be dismissed, with costs. McHeil v. Sun & Evening Sun Bldg. Assn., supra. Submit findings of fact and conclusions of law in harmony with these views on two days’ notice of settlement.

¶2Complaint dismissed, with costs.

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