Closings glossary
Recording
Filing an instrument with the register or county clerk so it becomes part of the public record. Recording establishes priority against later purchasers and lenders.
How long does recording take in New York City?
Quick Answer
The full definition
Filing an instrument with the register or county clerk so it becomes part of the public record. Recording establishes priority against later purchasers and lenders.
Where does recording come up in a New York City closing?
A Manhattan deed closed on the 5th records on the 19th, and the space between those dates is exactly what gap coverage is written to answer.
What else should you read before closing?
In the glossary
- ACRISNew York City's public index of recorded property documents. Deeds, mortgages, satisfactions, easements and many liens are recorded here, which mak...
- DeedThe instrument that conveys real property. Signature, acknowledgment and delivery make it effective between the parties, while recording is what pr...
- Gap coverageCoverage for matters recorded between the effective date of the search and the recording of the insured instruments. The seller's affidavit of titl...
- Satisfaction of mortgageThe instrument that releases a paid mortgage from the record. Until it is recorded, the old mortgage still appears as a lien against the property.
- Mortgage recording taxThe New York tax due when a mortgage is recorded, computed on the new money secured. A CEMA is the standard structure used to reduce the taxable am...
Questions this raises
- How long does recording take in New York City?ACRIS e-recording usually accepts clean residential instruments within days. What causes rejections, how indexing works, and why recorded copies ar...
- What gets recorded after a NYC closing?Deed, mortgage, assignments and satisfactions record through ACRIS with the City Register, along with transfer tax returns. What is filed instead o...
The statute itself
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