A Notice of Resale is a legal document that is issued by a lender or another party when a property has been resold. It is typically sent to the original owner of the property and serves to inform them that the property has been resold and that they are no longer liable for any further payments or liabilities. There are two types of Notice of Resale: 1. Notice of Foreclosure Resale: This is a document issued by a lender when a property has been sold at a foreclosure sale. The notice will include the name and contact information of the new owner, the date of the sale, and the amount of the purchase price. 2. Notice of Non-Foreclosure Resale: This is a document issued by a third party when a property has been sold without a foreclosure. This notice will include the name and contact information of the new owner, the date of the sale, and the amount of the purchase price.
Notice of Resale
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How to fill out Notice Of Resale?
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FAQ
Can I transfer a title certificate that has a lien listed? You can transfer the title certificate and give the new owner the original proof that any lien listed on the title certificate was satisfied. Keep a copy of the proof for your records.
Non-titled vehicles The DMV must verify that the vehicle was registered to the current owner. The current owner must provide proof of identity (see proofs of identity). There is a fee $10 for form MV-353. The current owner can use form MV-353 and a bill of sale.
Send an Application for a Duplicate Certificate of Title (PDF) (MV-902) and the original proof that indicates that the lien is satisfied to the address above, or bring them to a DMV office. The DMV processes a duplicate title certificate that does not list the lien and mails the certificate to you. The fee is $20.00.
The owner and the settlor must complete Statement of Transaction- Sale or Gift of Motor Vehicle, Trailer, All-Terrain Vehicle (ATV), Vessel (Boat), or Snowmobile (PDF) (at NY State Department of Tax and Finance) (DTF-802). If the owner and the settlor are the same person, complete Part II of form DTF-802 for a gift.
To successfully transfer a vehicle's title in New York, you need to: Visit your local NY DMV office. Provide the completed and signed vehicle title by the seller. Provide proof of a valid NY insurance policy and identification. Complete a Vehicle Registration/Title Application (Form MV-82)
The Notice of Sale (NOS) generally states: the property address and legal description. a statement that the property will be sold at a public auction, and. the date, time, and location of the foreclosure sale.
Either way, a notice of sale indicates that the lender plans to sell the property because your account is overdue.
