United States v. Buffalo Savings Bank, 371 U.S. 228 (1963)

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Author: U.S. Supreme Court

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United States v. Buffalo Savings Bank, 371 U.S. 228 (1963)

United States v. Buffalo Savings Bank


No. 96


Argued December 3, 1062
Decided January 7, 1963
371 U.S. 228

CERTIORARI TO THE COURT OF APPEALS OF NEW YORK

Syllabus

A bank made a loan secured by a mortgage on real estate. Subsequently, the United States filed notice of a federal tax lien against the mortgagor’s property. Thereafter, liens for unpaid real estate taxes and other local assessments attached to the property. The bank instituted foreclosure proceedings, naming the United States as a party.

Held: in distributing the proceeds of a foreclosure sale of the property, the federal tax lien should be given priority over the liens for unpaid real estate taxes and other local assessments, notwithstanding a state law providing that payments to discharge such state tax liens shall be deemed "expenses" of a mortgage foreclosure sale. Pp. 228-230.

11 N.Y.2d 31,181 N.E.2d 413, reversed.

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Chicago: U.S. Supreme Court, "Syllabus," United States v. Buffalo Savings Bank, 371 U.S. 228 (1963) in 371 U.S. 228 Original Sources, accessed October 4, 2022, http://www.originalsources.com/Document.aspx?DocID=3WH2MNBIVES7782.

MLA: U.S. Supreme Court. "Syllabus." United States v. Buffalo Savings Bank, 371 U.S. 228 (1963), in 371 U.S. 228, Original Sources. 4 Oct. 2022. http://www.originalsources.com/Document.aspx?DocID=3WH2MNBIVES7782.

Harvard: U.S. Supreme Court, 'Syllabus' in United States v. Buffalo Savings Bank, 371 U.S. 228 (1963). cited in 1963, 371 U.S. 228. Original Sources, retrieved 4 October 2022, from http://www.originalsources.com/Document.aspx?DocID=3WH2MNBIVES7782.