Brooklyn since 2014All five boroughsSame-day response during business hours

What is NYC AC § 11-422?

Quick Answer

This section allows the city to accept a deed in lieu of foreclosure for tax lien properties when authorized by the board of estimate. This process serves as an alternative to pursuing foreclosure actions. Applies to property owners with tax liens on their parcels.

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

Michael Nacmias - Founding PartnerMichael Sargo - Partner
From the team atNacmias Law Firm, PLLCBrooklyn-based attorneys representingproperty owners across all five boroughsMeet the team →

§ 11-422 Deed in lieu of foreclosure.

AC § 11-422

The city may when authorized by resolution of the board of estimate and in lieu of prosecuting an action to foreclose a tax lien on any parcel pursuant to this chapter accept a conveyance of the interest of any person having any right, title, interest, claim, lien or equity of redemption in or to such parcel.

Common Questions

Our team

Meet the people you will work with

Free case review

Have a matter that touches § 11-422?

Free 15-minute case review with the attorney handling your matter. Same-day response during business hours across all five boroughs — OATH hearings, Housing Court, and real estate closings.

Or email us

[email protected]

An attorney reads every message.

  • Same-day response

    During business hours

  • Direct attorney access

    Same lawyer from intake to close

  • Flat-fee pricing

    On most OATH and closing matters