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Possible to avoid Acris?

Started by Junky
over 12 years ago
Posts: 19
Member since: Dec 2011
Discussion about 30 West Street #PH3B
Sale at 30 West Street #PH3B Was looking for the price of what this apartment sold for and I noticed it has not shown up in ACRIS yet. I was wondering is it possible to do a sale of a condo in NYC and avoid it having put in ACRIS? I see the mortgage being paid off in ACRIS but nothing else.
Response by West81st
over 12 years ago
Posts: 5564
Member since: Jan 2008

ACRIS is like death and taxes - especially taxes, because the document that appears in ACRIS is the transfer tax filing. The usual lag between closing and posting is only a few weeks, but it depends on the diligence of the seller's attorney. FWIW, I've noticed a correlation between sellers with a history of liens for taxes and common charges (as is the case with the 30 West St. penthouse), and lax ACRIS filings by the attorneys representing those sellers.

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