My question involves real estate located in the State of New York
FACTS:
Buying real estate from an estate. The decedent had filed bankruptcy and according to information given, the lien should not be good because 1) the debt was discharged and 2) the 10 year period is almost up.
The county records reflect the lien but no any filing for continuance for another 10 years. I have read this continuance had to be filed a year prior to the expiration.
We have now been told that the title insurance company is not going to reflect the judgement since it was dscharged.
My concerns:
The lien is still on there and would be after the sale if not removed. Does it automatically remove after 10 years or does the person with the judgement have to file something?
FACTS:
Buying real estate from an estate. The decedent had filed bankruptcy and according to information given, the lien should not be good because 1) the debt was discharged and 2) the 10 year period is almost up.
The county records reflect the lien but no any filing for continuance for another 10 years. I have read this continuance had to be filed a year prior to the expiration.
We have now been told that the title insurance company is not going to reflect the judgement since it was dscharged.
My concerns:
The lien is still on there and would be after the sale if not removed. Does it automatically remove after 10 years or does the person with the judgement have to file something?
Title Insurance: Judgement Lien on Property Being Bought
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