Court Opinion

ID: 4081606
Source: CourtListenerOpinion
Date Created: 2016-10-07 23:27:48.24355+00
Date Added: 2024-06-11T14:06:15.951508
License: Public Domain

SUPREME COURT OF THE STATE OF NEW YORK
           Appellate Division, Fourth Judicial Department

1314
CA 15-00177
PRESENT: SMITH, J.P., PERADOTTO, CARNI, LINDLEY, AND WHALEN, JJ.

COMPTROLLER OF STATE OF NEW YORK, AS TRUSTEE
FOR THE NEW YORK STATE COMMON RETIREMENT FUND,
PLAINTIFF-APPELLANT,

                    V                             MEMORANDUM AND ORDER

LEVEL ACRES LLC, DEFENDANT-RESPONDENT,
ET AL., DEFENDANTS.
(APPEAL NO. 1.)

MCNAMEE, LOCHNER, TITUS & WILLIAMS, P.C., ALBANY (FRANCIS J. SMITH OF
COUNSEL), FOR PLAINTIFF-APPELLANT.

PEKAREK LAW GROUP, P.C., WELLSVILLE (EDWARD PEKAREK OF COUNSEL), FOR
DEFENDANT-RESPONDENT.

     Appeal from an order of the Supreme Court, Allegany County
(Thomas P. Brown, A.J.), entered August 6, 2014. The order denied the
motion of plaintiff for summary judgment.

     It is hereby ORDERED that the order so appealed from is
unanimously reversed on the law without costs, and the motion is
granted.

     Memorandum: Plaintiff commenced this foreclosure action after
Level Acres LLC (defendant) defaulted on a consolidated note and
mortgage (note and mortgage). In appeal No. 1, plaintiff contends
that Supreme Court erred in determining that the assignment of the
note and mortgage to plaintiff was invalid, and therefore erred in
denying his motion for summary judgment on the complaint. We agree.
Although the assignment was executed on May 20, 2010, i.e., before the
May 21, 2010 effective date of the note and mortgage, the assignment
states that it was to be effective “as of the 28th day of May, 2010,”
i.e., after the effective date of the note and mortgage. “[W]here
parties to an agreement expressly provide that a written contract be
entered into ‘as of’ a[ specific] date [other] than that on which it
was executed, the agreement is effective . . . ‘as of’ the [specific]
date and the parties are bound thereby accordingly” (Colello v
Colello, 9 AD3d 855, 857 [internal quotation marks omitted]; see
Rosner v Metropolitan Prop. & Liab. Ins. Co., 96 NY2d 475, 480). We
therefore conclude that the assignment was valid.

     We further conclude that plaintiff met his burden of establishing
his entitlement to judgment as a matter of law by establishing that he
                                 -2-                          1314
                                                         CA 15-00177

was the assignee of the note and mortgage when the action was
commenced (see First Franklin Fin. Corp. v Norton, 132 AD3d 1423,
1423-1424), and by submitting the note and mortgage, along with
evidence of defendant’s default (see HSBC Bank USA, N.A. v Prime, LLC,
125 AD3d 1307, 1308). Defendant failed to raise a triable issue of
fact in opposition (see generally Zuckerman v City of New York, 42
NY2d 557, 562). We note that, because the assignment was effective
over three years before the foreclosure action was commenced, the
court erred in relying on, e.g., Wells Fargo Bank, N.A. v Marchione
(69 AD3d 204).

     Finally, in light of our determination in appeal No. 1, we
dismiss the appeal from the order in appeal No. 2 as moot.

Entered:   December 31, 2015                    Frances E. Cafarell
                                                Clerk of the Court