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Form a Business

Deed in lieu of foreclosure.

NYC Admin. Code § 11-422
in effect
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§ 11-422 Deed in lieu of foreclosure. 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.
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-9245Fetched: 10/24/2026

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11-422 | Corpus