Legal Question in Real Estate Law in New York

Re: Post-closing question

Contact your closing attorney and/or the Title Company Attorney. Either would be in a better position to answer and respond to your questions and concerns.

An answer here, without the docs, could confuse you or the issues even more.

Good luck,

Phroska L. McAlister,ESQ

Re: Post-closing question

If your mom didn't sign the Note, then she wouldn't be liable. Her signing the mortgage is just a consent to having a lien placed on the property as she is still a record owner. You probably want to file a confirmation deed with the county clerk to confirm transfer of her interest in the property.

Please feel free to contact me if you need any further help on this matter.

Kind regards,

Peter Moulinos

Re: Post-closing question

She is on the mortgage, no the Note? No Problem. Only if she signs the Note is she on the hook. Lenders want all owners of record on the mortgage so that they know the property has been "liened".

Good Luck

RRG

Re: Post-closing question

I agree with Peter and Bob. It appears they either used the old title search or ran a new search before the new Deed was recorded. Either way, the title company should be informed of the new status and be provided with a copy of the recorded Deed. Since Mom did not sign the Note, she has no financial liability.