This decision involved an action to foreclose a mortgage. The mortgage and note (mortgage) evidenced a loan in the original amount of $1,275,000. The mortgage had been executed by defendant “B” as president of defendant “A.” “B” had executed a “general guarantee of the indebtedness.”

The plaintiff alleged that the defendants defaulted on their loan obligations. The defendants answered and pled 19 affirmative defenses, including “lack of standing and failure to serve contractually required notices prior to foreclosure.”