How do I remove an old mortgage that was paid off but never discharged?
Contact the original lender and request a formal satisfaction or release document, then record it with the county clerk. If the lender is defunct, merged, or unresponsive, your attorney may need to file a quiet title action or work with the title company to issue a "no liability" letter. This is one of the most common title defects in NYC - and one of the most time-consuming to resolve, so start immediately.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Seller-Side Title Curative Actions - Clearing Liens, Judgments, and Encumbrances
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
More questions on this topic
List for free, or go full service for 1%.
Use the playbook yourself, or let us run pricing, marketing and negotiation.