Queens New York Partial Release of Notice of Lending

State:
New York
County:
Queens
Control #:
NY-LR201T
Format:
Word; 
Rich Text
Instant download

Description

A previously recorded notice of lending covering specific property now releases part of the property and quitclaims and conveys it to the recipient of the funds.

A Queens New York Partial Release of Notice of Lending is a legal document that serves to release a portion of security interest or lien held by a lender on a property located in Queens, New York. This partial release allows the property owner to free a specific portion of their property from the encumbrances associated with a loan or mortgage. The Queens New York Partial Release of Notice of Lending is typically used when the borrower has repaid a portion of their outstanding loan, and the lender agrees to release the lien on a specific part of the property. It may be applicable in various scenarios such as when there is a clear separation between different sections of a property, or when the borrower intends to sell or refinance part of their property. This legal document is crucial for both the lender and the borrower as it specifies the exact extent of the partial release, outlining the specific portion of the property and the dollar amount involved. It ensures transparency and clarity, safeguarding the interests of both parties involved. In Queens, New York, there may be different types of Partial Release of Notice of Lending depending on the specific needs and requirements of the borrower and lender. These variations may be categorized based on the type of property involved, such as residential, commercial, or mixed-use properties. Furthermore, the Queens New York Partial Release of Notice of Lending may differ in terms of the release amount requested by the borrower. It could range from a partial release of a smaller portion of the lien to larger releases that involve significant sections of the property. Overall, a Queens New York Partial Release of Notice of Lending is an essential legal document that enables property owners in Queens, New York, to release specific portions of their property from the encumbrances of a loan or mortgage. It helps facilitate property transactions, offering flexibility and freedom to property owners while protecting the interests of lenders.

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FAQ

A motion or order to show cause can be used for many reasons, like: Making one side do what he or she agreed to do; Asking for more time to do what you agreed to do; Fixing mistakes in a Stipulation; Explaining why you missed your court date or didn't file an Answer; Changing the terms of a court order;

A Notice of Motion is like the invitation to the party. It tells the court and the other side what the party is for, the time, date and place, and when to RSVP. This is called the relief sought, the return date and the time for service of answering papers/CPLR 2214(b).

If you and the other side are unable to agree about the relief being requested, the judge will make a decision on the motion. Sometimes, the judge makes a decision immediately. However, the judge has 60 days to decide the motion.

Motions made by notice of motion and petitions and notices of petition in special proceedings are processed by the General Clerk's Office (Room 119) and are to be made returnable in the Motion Submission Part Courtroom (Room 130) on any business day of the week at AM.

A Notice of Motion is a document that outlines the details of your legal proceedings. It is important that you understand these details and respond correctly. ? A Notice of Motion will be delivered and explained to you by the Sheriff.

A motion may be withdrawn at any time prior to its return date by filing with the clerk a written request signed by counsel for the moving party. A request to withdraw a motion after submission must be supported by a stipulation of withdrawal signed by all counsel.

COURT FEESNote of Issue (no prior RJI)$125Note of Issue (prior RJI paid for)$ 30Calendar Number, Uncontested Matrimonial$125Jury Demand$ 659 more rows

Court Fees in the New York City Civil Court ServiceAmountStatutory AuthorityFiling a Consumer Credit Transaction$140.00NYCCCA 1911(b-1)Filing first paper, etc.$45.00NYCCCA 1911(b)Filing infant's compromise$40.00NYCCCA 1911(c)Filing notice of trial$40.00NYCCCA 1911(d)18 more rows ?

A motion is a request for relief from the court. Some typical examples include a motion for permission to file a late claim, a motion that a claim or a defense be dismissed, or a motion requiring the opposing party to disclose information relevant to the claim.

Getting a Judge Assigned to Your Case (Supreme and County Court RJI) Supreme Court cases are not assigned to a Judge until one of the parties files a Request for Judicial Intervention (RJI) form and pays the filing fee.

More info

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Queens New York Partial Release of Notice of Lending