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initial coop UCC1

Started by yeehan
almost 13 years ago
Posts: 5
Member since: Jul 2010
Discussion about
Does anyone knows how long it takes to have the inital coop UCC1 to be recorded? My bank attorney sent it 2 weeks ago and the cheque was stamped and cleared early this week. I need to close my coop soon but the bank won't close without UCC1 being recorded.
Response by NWT
almost 13 years ago
Posts: 6643
Member since: Sep 2008

The gap between document and recorded dates ranges from one day to 20 or so, just going by the UCC1s filed for my building. The UCC1 for a purchase is usually filed several weeks before closing.

The e-filing system returns some kind of ID number, I think, so you might want to try tracing that with the city. The UCC1 could've been filed under a misspelled name or under the wrong borough/block/lot.

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Response by yeehan
almost 13 years ago
Posts: 5
Member since: Jul 2010

okay, thanks. I understand that there's no way to call up the department and find up or chase them?

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Response by NWT
almost 13 years ago
Posts: 6643
Member since: Sep 2008

Try 212-487-6300 or acrishelp@finance.nyc.gov.

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Response by yeehan
almost 13 years ago
Posts: 5
Member since: Jul 2010

As expected, they are completely unhelpful..

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