New York Foreclosure

General Information on New York Foreclosures:

There are currently over 2,400 foreclosed properties.

New York Foreclosure is Judicial

New York foreclosure law states that the lender first must file a lawsuit. Like most judicial states, the lender begins by having a summons and a complaint is filed. It is then sent to the borrower asking them to come to court to answer the complaint. The complaint is a lawsuit, which describes the lenders basis for foreclosure action. A notice of lis pendens is filed. The borrower has 20 days to answer the complaint. If no action is taken within the 20 days, there will be a motion for summary judgment. After summary judgment is granted, the court usually appoints a referee who will determine the amount owed and recommend how the property should be sold. Once the referee has issued the report, the court confirms the report and a judgment directing the sale of the property will be entered.

Free New York Foreclosure Lookup:

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For assistance with your foreclosure search, please contact one of the following websites:

  • Foreclosure Lookup:New York Foreclosure Search – Foreclosure Deals
  • Credit Reporting:New York Credit Reporting – Easy-to-understand, includes credit score explanation
  • Electronic Appraiser:New York Electronic Appraiser – Instant Home Valuations!

    • Free New York Foreclosure Forms:
    Following foreclosure forms are free for download. Most of the forms are provided with instructions on how to fill the form. To download any of these foreclosure papers and forms just right click on the link and select “Save As…”.

    Foreclosure Investing Forms – Real Estate Short Sale Forms:

  • Property Evaluation Sheet
  • HUD 1 Sheet
  • Warranty Deed
  • Authorization to Release Information

    • Home Equity:

  • Waiver of Certain Terms in Other Loans with Lender
  • Affidavit of Lender Relationship
  • Acknowledgment Regarding Voluntary Repayment of Existing Debt
  • Notice of Right to Rescind
  • Election Not to Rescind

    • Refinance

  • Affidavit of Reasonable and Necessary Closing Costs For Homestead Property Refinance

    • Miscellaneous

  • 1099-S Certification For No Information Reporting
  • 1099-S Proceeds from Real Estate Transactions
  • Affidavit of Exclusion
  • Affidavit Regarding Loan Purpose
  • Assignment of Leases, Rents and Profits

  • Assignment of Mortgage

  • Authorization to Release Information
  • Common Drive Agreement
  • Consent to Encroachment (across property line)
  • Consent to Encroachment (cross encroachment)

  • Consent to Encroachment (into easement)

    • Earnest Money Escrow Agreement

  • Loan Guaranty
  • Minimum Escrow Accounting Procedures
  • Mortgage and Security Agreement
  • Notary Signature for Corporation
  • Notary Signature of Individual
  • Partial Release of Mortgage
  • Promissory Note
  • Quit Claim Deed
  • Rider to Financing Statement
  • Wrap Around Mortgage Rider
  • HUD Settlement Cost Booklet
  • Consumer Handbook on Adjustable Rate Mortgages (CHARM)
  • RESPA Reform Proposal
  • Self-Employed Income Analysis