Legal Question in Banking Law in New York

Debt

At 2000 I failed to pay my mortage and I lost my apartment at a co-op, I only owned $17,000, latter I found out that the apartment was actioned for something like, $23,000, now I got a bill for $12,267.13.

How can they come with a bill like that; can I recover the diference?


Asked on 4/08/06, 3:39 pm

1 Answer from Attorneys

Alexander Sklavos Law Offices of Alexander E. Sklavos, PC

Re: Debt

depends on the county - some counties allow the bank to keep the surplus, others do not. also, if a co-op the bylaws will tell you something.

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Answered on 4/09/06, 10:23 pm


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