Legal Question in Real Estate Law in New York
Does the six (6) year Statute of Limitations for the discharge of a mortgage apply when the holder of the mortgage is a municipality? A friend bought a property in NYC and NYC gave a construction loan. No payments were made and there were no demands for payments by NYC for well over 6 years.
Asked on 4/22/10, 11:15 am
1 Answer from Attorneys
Locksley Wade
Law Office of Locksley O. Wade
It is very likely that there is an automatic lien against the property by operation of law.
Answered on 5/02/10, 5:24 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
