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16-2608 - CIT Bank, N.A. v. Seeram et al


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16-2608 - CIT Bank, N.A. v. Seeram et al
March 13, 2018
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ORDER ADOPTING REPORT AND RECOMMENDATIONS: It is hereby ORDERED: That the Report and Recommendation of Magistrate Judge Bloom (Doc. No. 24) is adopted in its entirety; and That plaintiffs motion for default judgment (Doc. No. 13) is granted in its entirety. It is FURTHER ORDERED that default judgment be entered in favor of CIT Bank and against Seeram as follows: $447,691.18 for the principal due on the Note; $132,348.40 for the accrued interest due on the Note calculated from May 1, 2010 through August 20, 2016, $8,781.74 for the accrued interest due on the Note from August 20, 2016 to February 15,2017, as well as additional accrued interest until the date of entry of judgment at the rate of $49.09 per diem; $31,620.99 for the escrow advances. Broker Price Opinion/appraisal fees, and property inspections; $l,750.00 in attorneys' fees; and $1,020.69 in costs. The Clerk of Court is directed to enter Judgment pursuant to this Order, and upon so doing, close this case. So Ordered by Judge Roslynn R. Mauskopf on 3/13/2018. (Almonte, Giselle)