How Can a Lender Foreclose on a Property in New York?

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 and obtain a court issued judgment of foreclosure. The public notice and sale terms set forth in state law must followed.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

Additional Foreclosure and Alternatives Articles

Search LawInfo's Foreclosure and Alternatives Resources