Legal Question in Real Estate Law in New York
Hello,
I sold my house in 2005. At the time there was a loan, listed as a second mortgage which was already paid off. Apparently the company did not send a letter of satisfaction. I was unable to contact the company as it went out of business. The lawyer told me that three times the amount was to be held in an escrow account. How long do these funds have to remain in escrow. Will I ever see this money back?
Thank you for any advice.
Regards,
Sylvia
Asked on 7/15/10, 4:22 am
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
You have to file a petition to quiet title. An order from the court will resolve this issue.
Mike.
Answered on 7/15/10, 8:51 am
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