Foreclosure & Alternatives Law

What Public Notice Requirements are There for a Real Estate Foreclosure in New York?

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.