Legal Question in Real Estate Law in New York

(New York) Is it legal to withhold the proceeds from a property foreclosure sale on stipulation that the claimant refrain from pursuing any future litigation regarding the case? Thanks!


Asked on 4/02/12, 1:41 am

1 Answer from Attorneys
Kevin Connolly Kevin J. Connolly

This is smelly. The legal/illegal split is not the key; but do not sign a stipulation waiving rights: it might be enforceable.

If this is in the five boros of New York City or the adjoining counties (Nassau and Westchester) I may be able to help you. Affordably: the initial conference carries no charge at all and my hourly rate will surprise you.

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Answered on 4/12/12, 10:45 am


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