Appellate Division, Second Department · September 23, 2026 · 2026 NY Slip Op 05387
JPMorgan Chase Bank, N.A. v Gezlev
Read the official decision: 2026 NY Slip Op 05387
Holding The right to redeem a mortgage is extinguished as a matter of law upon the completion of a foreclosure sale, even if the redemption funds are wired shortly thereafter. Consequently, the foreclosure sale cannot be set aside based on the subsequent closing or the inadequacy of the bid price alone.
The court’s words
The right to redeem is extinguished as a matter of law upon the foreclosure sale, whether or not the deed has been delivered
2026 NY Slip Op 05387, at the official text
Mere inadequacy of price does not provide a basis to vacate a [foreclosure] sale, unless there are additional circumstances warranting invocation of equity powers
2026 NY Slip Op 05387, at the official text
Pekich became the equitable owner of the property upon the completion of the foreclosure sale, and any right to redeem the mortgage had already been extinguished
2026 NY Slip Op 05387, at the official text
| Court | Appellate Division, Second Department |
|---|---|
| Decided | September 23, 2026 |
| Citation | 2026 NY Slip Op 05387 |
| Area of law | Real Property |
| Week | Week ending September 26, 2026 |
| Official text | Official decision: 2026 NY Slip Op 05387 |
| Publication status | Slip opinions are uncorrected and subject to revision before publication in the Official Reports. |
| Source feed | New York slip opinion page |
| Law Watch record id | 158 |
Recommended citation
ESQ HQ, New York Law Watch, JPMorgan Chase Bank, N.A. v Gezlev, 2026 NY Slip Op 05387 (Appellate Division, Second Department, September 23, 2026), https://esqhq.com/decisions/2026-ny-slip-op-05387/
How this record was made
Holding drafted by Law Watch’s in-house model, graded by three reviewers; every quotation verified word for word against the official text.
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