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Religious Corporations Not Authorized To Mortgage

By Mike Berey on June 12, 2019

 

 

A church in East Harlem filed a petition seeking court approval for a mortgage on its house of worship, which was its sole asset, under Not-for-Profit Corporation Law Sections 510 (“Disposition of all or substantially all assets”) and 511 (“Petition for court approval”) and Religious Corporations Law (“RCL”) Section 12 (“Sale, mortgage and...

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Topics: Mortgages New York Mortgage Tax

Deed Forged: Subsequent Deeds And Mortgages Set Aside

By Mike Berey on June 7, 2017

 

A deed to property in Queens County, New York, was purportedly executed in 2005 by Diana Deramo and Nicholas Deramo, the record owners. The property was re-conveyed twice, and it was mortgaged. However, Nicholas had died in 2003 and Diana alleged that her signature was also forged. Diana, individually and as the proposed executrix of the...

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Topics: Mortgages Subsequent Deeds