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 borrower of the intended foreclosure. If the court, upon the recommendation of the court appointed referee, decides that the lender can go forward with a foreclosure then a Notice of Sale must be published in the local newspaper for four to six consecutive weeks prior to the sale.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.