Appellate Practice Attorney serving New York, NY
I'm not sure what you mean when you write "payments of the property." Absent some sort of contract, you hav no obligation to pay the expenses of the property (e.g. taxes, sewer assessments, etc.) That, however, has nothing to do with the money you borrowed. Unless the lender has released you from your obligation, you remain obligated to pay back the loan. You may, under certain circumstances, have a claim against the new property owner, to reimburse you for any payments you hae to make the lender, but, again, that doesn't affect your direct obligaiton to the lender.
Answered on Aug 25th, 2017 at 10:47 AM