Attorneys

New York Foreclosure FAQs

• Q: Does New York Law Allow for a Redemption Period After a Foreclosure?
  A: No, New York law does not provide a borrower with a right of redemption following a foreclosure sale. More
• Q: Where and When do Foreclosure Sales Take Place in New York?
  A: New York law requires that the public be provided notice of the date, time and location of a property foreclosure via a published Notice of Sale. Typically, a … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in New York?
  A: Most New York property foreclosures occur through the judicial system. The lender is required to file a complaint and lis pendens to notify the public and the … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in New York?
  A: Yes, New York lenders have the right to sue borrowers for loan amounts that are still owed after a foreclosure sale has occurred. A New York lender has 90 days … More
• Q: How Can a Lender Foreclose on a Property in New York?
  A: The vast majority of New York property foreclosures occur through the judicial system. The lender is required to sue a borrower who has defaulted on a mortgage … More
• Q: How Long Does the Typical Foreclosure Process Take in New York?
  A: The length of time that it takes to foreclose on a property in New York can vary significantly. New York foreclosures occur through the court system so each case … More
• Q: Can I Keep My Home If I File Bankruptcy in New York?
  A: New York law provides that a homeowner can keep up to $50,000 worth of equity in his or her home provided that the homeowner lives in that property as his or her … More

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