Legal Question in Real Estate Law in New York
Perfecting the security in a Note and Mortgage
What financial statements are needed to perfect the security in a Note and Mortgage?
Asked on 6/09/08, 11:37 am
1 Answer from Attorneys
jeffrey lazroe
Jeffrey A. Lazroe attorney at law
Re: Perfecting the security in a Note and Mortgage
By your question, I presume you are talking about real property (land, house). All you need is a note and mortgage which is filed in the county where the property is located. Make certain that this is done prior to turning over any money. There are several other recording documents which are needed for tax purposes and for filing.
If you would like to contact me further about this matter, please feel free to do so.
Answered on 6/11/08, 3:20 pm