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Block and lot indexes prevalent in New York City were designed to make title searches simpler than those necessary under the grantor-grantee index system prevalent in many other areas of the state and country. Suppose, however, block and lot numbers change over time. To what extent are purchasers on notice of deeds recorded under a block and lot number different from the one prevalent at the time of purchase? The First Department recently faced that issue in Akasa Holdings, LLC v. 214 Lagayette House, LLC, NYLJ 9/5/19, p. 22., col. 1, and concluded that at least when the record under the current lot number reveals unexplained breaks in the chain of title, purchasers have a duty to inquire about deeds recorded beyond the current block and lot number.
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By Stewart E. Sterk
Jeffrey Turkel’s lead article in last month’s issue focused on the Regina Metropolitan case, in which the Court of Appeals invalidated a number of…
Condominium Lien Enjoys Priority Over Mortgage
Business Judgment Rule Precludes Challenge to Cancellation of Shares
Conditional Payments Do Not Restart Statute Of Limitations On Foreclosure Action
Questions of Fact About Purchasers’ Good Faith In Making Mortgage Applications
Questions of Fact Remain on Implied Easement Claims
Presumption of Hostility Supports Adverse Possession Claim
Questions of Fact Remain About County’s Liability for Fuel Oil Discharge
Prohibition of Advertising Sign Upheld
Failure to Consider Rezoning Application Not Subject to Judicial Review