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Re: Not if it's an NYC Coop: yes, if there's a mortgage

Posted by JJ on February 05, 2001 at 14:56:24:

In Reply to: Not if it's an NYC Coop posted by MikeW on February 05, 2001 at 11:29:50:

: No public record is kept of coop sales in New York State. There is a record for Condos.

: : It does become a part of public record, but only after closing on the purchase, (which could be months away) and after the wheels of beauracracy turn to include the sale in the records.

Go to the Hall of Records in the county of that coop-sublease, in Manhattan it is at 31 Chambers St, 2nd floor, cross-street Centre St. Deeds, UCC filings, & personal property are in that computer database, a public record. UCC (a Federal thing) = record of lien from mortgage company. Unless he paid cash or is paying the sponsor, you'll find all his coop properties in that computer.

Condos and buildings a real property and are also recorded.
Try the , Finance, if it's a condo: he'll be paying property taxes.

Both of these should be recorded within 30 days of purchase...

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