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What is NYC AC § 11-414?

Quick Answer

This section establishes that the period for any property owner or interested party to redeem a property sold due to tax lien is not reduced by the initiation of legal action under this chapter. Applies to property owners involved in tax lien transactions.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 11-414 Right of redemption not diminished.

AC § 11-414

The period of time in which any owner of, or other person having an interest in a parcel of property may redeem from a sale of a transfer of tax lien is not hereby diminished nor shall such period of time be diminished by the commencement of any action brought pursuant to this chapter.

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