GUARDIAN LOAN COMPANY V. EARLY
392 N.E.2d 1240 (1979)
NATURE OF THE CASE: Berlin (purchaser) appealed a motion granted to Early (D) to set
aside a sheriff's sale of D's residence.
FACTS: Guardian (P) obtained a judgment against D for $1,268.93. D failed to satisfy the
judgment and P noticed D for a sheriff's sale of D's residence. Eventually, the property
sold to Berlin, a stranger, for the sum of $3,020. Two days later the proceeds were
distributed and the deed was delivered to Berlin. D brought this proceeding to set aside the
sale. On the day of the sale D had approximately $1,100 but were unable to reach the
location because of a flat tire. They alleged that the property had a market value of
between $55,000 and $60,000 (later revised to $ 48,000) and was subject to a mortgage
balance of approximately $9,000. Berlin disputed the value of the property and set forth an
abstract of title showing an unsatisfied 1975 Federal tax lien in the amount of $5,688 plus
interest as well as several prior unsatisfied liens totaling over $6,000.The court set aside
the sale, relying on CPLR 5240. The Appellate Division affirmed. Berlin appealed.
ISSUE:
RULE OF LAW:
HOLDING AND DECISION:
LEGAL ANALYSIS:
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