Legal Question in Real Estate Law in New York

if i had a mortgage with one bank and they sell it to another bank and the new bank can't produce the note why would i have to pay that new bank. technically they can't go after me with out a note ? true or false and if they go after me can they win ?


Asked on 2/11/10, 2:18 pm

1 Answer from Attorneys
Savyon Grant Law Office of Savy Grant

They must have the note. Question is how do you know whether or not they have it! Banks always assign mortgages and the notes transfer to the new holder of the mortgage.

Read more
Answered on 2/17/10, 9:21 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in New York