Legal Question in Real Estate Law in New York

I am on a deed to a home where foreclosure proceedings have kind of started. I want to sell my portion of deed to someone to be done with home. Can I do this? Can I sell my portion of deed to anyone for any amount and be done with home?


Asked on 1/01/11, 8:59 am

1 Answer from Attorneys

The answer depends on whether or not you are on the note (obligation to pay) in addition to the deed (title and ownership.) Normally, you can sell your interest in the home, but that interest will be subject to the loan on the house. If you are not on the note, you're done.

Feel free to contact me if you wish to discuss this further.

Dave

http://nylegaladvisor.com

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Answered on 1/06/11, 9:22 am


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