Appellate Division of the Supreme Court of the State of New York July 25, 2012 (Mortgage Electronic Registration Systems, Inc. v. Rambaran)

On August 10, 2005, the defendants Philip Baldeo and Hemant K. Rambaran executed a note, secured by a mortgage (hereinafter the Fremont mortgage) on the subject real property in favor of the plaintiff, Mortgage Electronic Registration Systems, Inc., as Nominee for Fremont Investment & Loan. The Fremont mortgage was not recorded.