Mortgage (Recorded Lien Instrument)
A mortgage is a recorded security instrument that encumbers real property to secure repayment of a debt. Under NY recording law definitions, mortgages are included in the broad definition of "conveyance" for recording purposes.
- Where it applies
- New York State
- When it comes up
- Closing; recording; servicing; enforcement
- Property types
- Fee simple and condo financing; commercial financing
Read more in the Knowledge Base
- Mortgage Recording Tax Impact on Buyer IncentivesSellers
- CEMA and Mortgage Assignment Mechanics in NYC Purchases and RefinancesBuyers
- The Mortgage Recording Tax - What NYC Buyers Pay and How to Reduce ItBuyers
- Mortgage Product Architecture in New YorkBuyers
- Mortgage Product Architecture for NYC Buyers - Jumbo, ARM, Rate Lock, Float-Down, and RecastBuyers
Title and Recording
- Assignment of Mortgage
- Bargain and Sale Deed (With Covenant Against Grantor's Acts)
- Bona Fide Purchaser (BFP)
- Borough-Block-Lot (BBL)
- Chain of Title
- City Register
- Condominium Common Charge Lien
- Consideration
- Conveyance
- Cover Page (NYC Recording)
General information, not legal, tax or financial advice.