New York's mortgage recording tax is approximately:
Correct Answer
C) 1.8% to 2.8% depending on location
NY mortgage recording tax varies by location, ranging from about 1.8% to 2.8% in NYC.
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Foreclosure is the legal process by which a lender takes possession of a property when a borrower fails to make mortgage payments. It allows the lender to sell the property to recover the outstanding debt.
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