Case Name: Dows Estates, Incorporated, Respondent, v. Helen H. Smith, Appellant and Respondent; Prudence Realization Corporation, Respondent and Appellant, Impleaded with Others
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1942-10-19
Citations: 265 A.D. 831
Docket Number: 
Parties: Dows Estates, Incorporated, Respondent, v. Helen H. Smith, Appellant and Respondent; Prudence Realization Corporation, Respondent and Appellant, Impleaded with Others.
Judges: 
Reporter: Appellate Division Reports
Volume: 265
Pages: 831–831

Head Matter:
Dows Estates, Incorporated, Respondent, v. Helen H. Smith, Appellant and Respondent; Prudence Realization Corporation, Respondent and Appellant, Impleaded with Others.

Opinion:
Hagarty, Carswell, Adel and Close, JJ., concur; Lazansky, P. J., dissents and votes to modify the order and judgment so as to provide that defendant Prudence Realization Corporation is entitled to the whole deficiency judgment and, as so modified, to affirm the order and judgment. In view of the value of the property as found by the Official Referee, plaintiff has, in effect, received full payment of its mortgage and charges and, therefore, based upon equitable considerations, the owner of the subordinate interest should receive the benefit of the deficiency judgment.