Your Property can become subject to In Rem Foreclosure if:
- Your Property Taxes and other property-related charges are Late for an extended period of time.
- Your property is in an area the City considers to be “blighted” and has been targeted for improvements.
Finance and the Department of Housing Preservation and Development (HPD) work together to take title of the property and sell or transfer the title to new owners who will resolve the property’s outstanding charges and violations.
In Rem Foreclosure Process
- We send you number of tax bills and warning notices if you have outstanding charges and are at risk for foreclosure.
- Notices are sent to your mailing address and to anyone else who has registered to receive your property’s tax bills.
- Notices include detailed contact information so you can respond easily.
- You can avoid additional penalties and foreclosure if you contact us during this time.
- You can pay the full amount or enter into a payment agreement.
- If we do not receive a response, we file tax foreclosure documents at the NYS Supreme Court and the foreclosure process begins.
- At this point, you can still enter into a payment agreement but it will be more expensive.
- Notice of Final Judgment
- Your property’s foreclosure is coming soon.
- You can still stop the foreclosure if you pay a large portion of the amount due as part of a payment agreement.
If you have a legal interest in the property, but are not registered as an interested party, you must register to receive a Notice of Foreclosure for an In Rem. To register, submit a Request for In Rem Notification to the address on the form.