Broker Property Real Foreclosure In Queens
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Lender asks court for a judgment on default and to appoint a Referee to decide the amount you owe and write a report. Lender asks court to accept the Referee's findings. Judge orders sale of your home. Lender and Referee choose date for auction at the courthouse.
How to Find Out if a House Is In Foreclosure The County Recorder's Office. The County Assessor's Website. Newspapers. Foreclosure List. Public Auction Listings. Local Property Tax Authorities. Local Real Estate Agencies. Bank Listings.
Missed Mortgage Payments If you have fallen behind 1 to 2 months in payment, the mortgage holder will tell you that they will start the foreclosure process for your home. You will get a 90 Day Pre-Foreclosure Notice in the mail. You will have a chance to get help and try to recover before a court case is started.
Tenants in non-regulated units who wish to remain in their apartment should communicate so directly with the new owner, however, the new owner is under no obligation to extend tenant occupancy beyond the expiration of the original lease agreement or beyond 90 days in the absence of a written agreement.
After the referee's deed is issued, the new owner must serve a 10-day Notice to Quit (with alternate 90-Day Notice) to the occupants of the property. This notice informs the occupants that they must vacate the property within 10 days or face legal action.
Homeowners in New York typically have 90 days to move out after a foreclosure auction, though timelines can vary due to specific NY eviction laws. The foreclosure process timeline includes several stages, from the initial notice to the auction, and may lead to eviction proceedings.
A certified copy of the Referee's Deed is also provided with these notices. If the occupants do not vacate within the 10-day period (or 90-day period if a bonafide tenancy can be established), the new owner can commence an eviction (holdover) proceeding in the local court.
You continue to own the property all the way up until the auction — so up until the day the property is sold, you can sell, file bankruptcy, refinance, etc. If someone is still living in the home after the auction, the buyer may have to file an eviction to remove that person from the home. 4.
Public Records. Public records are another good way to find homes in the process of pre-foreclosure. All you have to do is head down to your county recorder's office and search for properties with a notice of default or notice of sale.
