Summary of New York's Foreclosure Laws

Topic State Rule Common types of foreclosure process

Deficiency Judgments After Foreclosure in New York

In certain circumstances in New York, you might owe your mortgage lender money after a foreclosure sale of your home. This is called a deficiency.

NY Foreclosure Laws and Procedures

New York currently has the longest foreclosure timeline in the country, averaging just less than three years.

Foreclosure Defenses: New York's Produce the Note Law

If you are facing foreclosure in New York, a new law helps ensure that the foreclosing party has the correct documents in place, and that the foreclosure doesn't remain in limbo for years. The new law requires that the foreclosing party “produce the note” to prove that it owns the loan at the beginning

New York HOA and COA Foreclosures

If you live in a condominium or single-family home that is part of a common interest development in New York, you are most likely responsible for paying dues and assessments to a condominium association (COA) or homeowners’ association (HOA). If you fall behind in payments, in most cases the COA or

New York Timeshare Foreclosure and Right to Cancel Laws

If you have purchased or are thinking of purchasing a timeshare in New York, it’s important to learn the answers to the following questions: How do I cancel a timeshare in New York? What disclosures are required in a timeshare purchase? What are the timeshare adverstising laws? If I stop making payments,

New York Foreclosure Settlement Conferences

In response to the ongoing foreclosure crisis in this country, many states have implemented mediation programs to assist borrowers in finding ways to avoid foreclosure.

Foreclosure Help for New Jersey and New York Homeowners After Hurricane Sandy

If you own a home in New Jersey or New York you may qualify for foreclosure relief after Hurricane Sandy if you have an FHA, Fannie Mae, Freddie Mac, or Veteran's Affairs (VA) loan.

If I Lose My Home to Foreclosure in New York, Can I Get It Back?

Question My parents both died a few years ago and I inherited their home in Syracuse, New York. My then-boyfriend and I took out a mortgage on the house and moved in.

Can I Reinstate My Mortgage to Save My Home From Foreclosure in New York?

Homeowners in New York have the power to stop a foreclosure by bringing the loan payments current (plus paying fees and costs). This is called “reinstating” the mortgage. Even though it’s possible to reinstate a mortgage up until the day the sale occurs, it’s usually a good idea to do so before