Property owners are expected to understand and fulfill the requirements for Property Registration and maintenance, to Clear Violations and Orders (including any DOB or ECB violations or orders), and to understand what Penalties and Fees might apply should an owner fail to meet the requirements of the Housing Maintenance Code and Multiple Dwelling Law. Visit Property Management for more information.
When processing your transaction request, HPD will confirm whether:
Property owners are encouraged to review and address these items prior to submitting a servicing request or provide an explanation for outstanding items. Failure to address these issues may lead to a delay in processing.
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Request for Consent to a Sale or Transfer of Property with HPD Restrictions
HPD will consider requests for HPD consent to the sale or transfer of property or an interest therein that is subject to an HPD restriction. HPD’s consent may be required by one or more of your contracts with HPD, your corporate documents, or the law. Please note that the following guidance and forms are intended for properties that are not currently in HPD’s Development Pipeline.
Please review and complete the Consent to the Sale or Transfer of Property Request Form and submit your request via email to AMtransactions@hpd.nyc.gov.
Please note the following:
Mortgage Payoffs / Satisfactions / Releases
If you wish to obtain a Payoff Letter that outlines your financial obligation to satisfy your HPD mortgage or are seeking a Satisfaction of your HPD mortgage, please complete the Mortgage Payoff / Satisfaction /Release Request Form and submit your request via email to mtgsatisfact@hpd.nyc.gov.
Please note the following:
Subordination / SNDA Requests
HPD will consider requests for subordination of loans, security agreements, regulatory and land disposition agreements after a thorough review. HPD will not be responsible for any additional fees or expenses due to the processing of the subordination request.
Please complete the Subordination / SNDA Request Form, along with required items and submit your request via email to AMtransactions@hpd.nyc.gov.
Please note the following: