NYC Tax Lien
Reports
New York City has announced
its
Annual
Lien
Sale.
Below you will find Tax Lien Reports for the 5 boroughs of New York City.
General Lien Information
A lien is a legal claim against real property for unpaid
property taxes, water, sewer or other property charges, as well as the interest
due
on these
taxes and charges. When outstanding amounts have been delinquent for a legally
specified period of time, and the property owner has received notice, the
City is allowed to sell the lien(s) to an authorized third party, who becomes
the “lienholder”.
The new lienholder then has the authority to collect the money that was previously
owed to the City of New York, plus other fees and interest.
When the City sells a lien, it is not selling the property. The new lienholder
does not take title to the property. The lienholder purchases the right to
collect the money that was owed to the City. Ultimately, however, if the property
owner does not pay what is owed, the lienholder can begin a formal foreclosure
proceeding in court.
In many ways this is equivalent to a preforeclosure or Lis Pendens. The distressed
homeowner has fallen seriously behind in their obligations and must rectify
the situation
by either satisfying their debt, selling their property, or refinancing. If
they do not they will go into foreclosure.
Individual investors can not buy tax lien. However as an investor you may
be able to make arrangements with a home owner in default to sell you their
property. As a Lender you may be able to offer the homeowner financing to satisfy
their debt. As a real estate agent or broker you may be able to find a buyer
for the homeowner if a sale is their desired option.
We encourage you to act in the most ethical manner and not to take advantage
of homeowners who may be in distress.
Schedule of the Lien Sale
|
March 15 |
60-Day Notice Published |
April 15
|
30-Day Notice Published |
| May 3 |
10-Day Notice Published |
| May 20 |
Last Day for Eligible Properties to Pay Arrears |
| May 23 2005 |
Tax Lien Sale |
2005 MANHATTAN
TAX LIEN REPORT
2005 QUEENS TAX
LIEN REPORT
2005 BROOKLYN TAX
LIEN REPORT
2005 BRONX TAX
LIEN REPORT
2005 STATEN ISLAND
TAX LIEN REPORT
We are making this information available to visitors to our site and do not
warrant the accuracy or validity of the data presented here.
|
Bookmark
this site. . . . . . . . . . . . . . . . . . . . . . . . .
. 
The
TRUTH About Foreclosures by a New York Laywer!! 
