Sell Your Foreclosure House Fast in New York

New York is a strictly judicial foreclosure state, meaning every foreclosure must go through the court system — there is no non-judicial or 'power of sale' process available to lenders here. Under New York Real Property Actions and Proceedings Law (RPAPL) Article 13, a lender must file a foreclosure action in the Supreme Court of the county where the property is located, and the process typically takes anywhere from 18 months to over 3 years from the first missed payment to a referee's auction sale, largely due to mandatory settlement conferences required under CPLR 3408 and chronic court backlogs. Homeowners in New York have the right to cure the default and reinstate the loan at any point before the judgment of foreclosure is entered, and New York law provides a statutory right of redemption up until the moment the foreclosure sale is completed and the deed is transferred — once the gavel drops and the sale is confirmed, that redemption window closes permanently. If you've received a 90-day pre-foreclosure notice (required under RPAPL §1304 for owner-occupied one-to-four family homes), that clock is already running, and acting quickly — whether through a loan modification, short sale, or a direct cash sale — is almost always better than waiting for a court date.

• Cash offer within 24 hours
• Close in 7 days or on your schedule
• Buy as-is — no repairs required
• We pay all closing costs
• No agents, no commissions