New York City will restart tax lien sales on May 20, the first since the pandemic paused such actions. Recent reforms have provided homeowners facing financial difficulties with more resources and support. The City Council and Mayor Eric Adams introduced policies aimed at mitigating hardships, including the Easy Exit Program, which allows certain homeowners to avoid sales for up to a year under specific conditions. A $2 million fund for outreach and education has been allocated, partnering with organizations to assist at-risk homeowners in exploring relief options.
"It's not too late right now. There are so many different options for the homeowners that are built into the system, and there may even be other options for you to get financial relief that you're not aware of."
"We encourage them to reach out to us, talk to us, go over their situation, and then we can help them with a variety of options to work out the best way to get off the lien sale."
Collection
[
|
...
]