Opinion ID: 660667
Heading Depth: 3
Heading Rank: 2

Heading: Travelers' Claims for Specific Performance

Text: 55 Travelers also appeals the District Court's dismissal of its claim for specific performance. Insofar as this claim relates to obligations of the Partnership that allegedly continued after the appointment of the Receiver, we have held that an equitable action for waste will not lie against a mortgagor out of possession. Similarly, an action for specific performance against a mortgagor out of possession, although clad in the equitable raiment of specific performance, must be characterized as a claim for a money judgment. Travelers Ins. Co. v. 633 Third Assocs., et al., 816 F.Supp. at 207. Accordingly, we affirm the District Court's dismissal of that part of Travelers' claim for specific performance that relates to alleged obligations continuing after the appointment of the Receiver. Insofar as this claim relates to obligations of the Partnership before the appointment of the receiver, we have held that these obligations may be enforced through an equitable action for waste. Accordingly, we find it unnecessary to consider the District Court's dismissal of this aspect of Travelers' claim. 56