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We closed on our apt on 6/20 but city records still show ownership by the seller. How long does it usually take to get recorded? The apt we bought had numerous liens on them and we want to make sure that they're all removed.
Is it a Coop or Condo? Depends on the title company/attorney?
Condo. (That actually matters?) Attorney says 4-8 weeks but I'm finding that hard to believe. Isn't the recording company supposed to do it the day after?
I always pictured a prototypical city worker sitting at a desk with a big stack of paper, and a very sub-par typing capability and work ethic (redundant statements - see prototypical city worker). So yeah, it may take a while.
anywhere from 2 weeks to 4-6 months. Trust me. Im a bit nutz when it comes to data and I discussed the ACRIS sales lag and why quarterly reports are a reflection of the market 4-6 months ago on UrbanDigs many times.
Since there's tax revenue involved, the city applies a penalty if the deed and tax forms aren't recorded within some amount of time after the document date. I don't know who pays the penalty.
Uggh, it would be nice to get confirmation that the sale went through aside from the first mortgage due statement from the bank. For all we know, we could be illegally occupying the apt.
Classic double dealer comes to mind.