New York A02745 amends real property law to protect victims of real property theft by presuming a purchaser or incumbrancer has notice of fraud or.

New York A02745 amends the real property law to provide stronger protections for victims of real property theft. It establishes a rebuttable presumption that a purchaser or incumbrancer has notice of fraud or fraudulent intent in certain circumstances, specifically when the transfer involves mortgaged real property between parties who are not "associated parties." This presumption can be overcome by acceptable affidavit or testimony from the purchaser.

New York A02745 amends real property law to protect victims of real property theft by presuming a purchaser or incumbrancer has notice of fraud or.

New York A02745 amends the real property law to provide stronger protections for victims of real property theft. It establishes a rebuttable presumption that a purchaser or incumbrancer has notice of fraud or fraudulent intent in certain circumstances, specifically when the transfer involves mortgaged real property between parties who are not "associated parties." This presumption can be overcome by acceptable affidavit or testimony from the purchaser.