Excludes real property conveyances from the written notice requirement when such property is being conveyed by the state of New York or any of its political subdivisions as part of a foreclosure proceeding.
Summary
Bill S01475 amends the real property law in New York to exclude certain real property conveyances from the written notice requirement when such properties are being conveyed by the state of New York or its political subdivisions as part of a foreclosure proceeding. The bill specifies that while the county clerk or city registrar must mail a written notice of conveyance to the owner of record for most transactions, this requirement does not apply to conveyances resulting from tax lien foreclosures. The intent is to streamline the process for these specific transactions and reduce the administrative burden on governmental entities involved in foreclosure proceedings.
Impact
The bill modifies existing real property law to exempt specific conveyances from the written notice requirement, thereby altering the procedural obligations of county clerks and city registrars. This change is expected to expedite the foreclosure process for tax liens, as it removes the necessity for written notifications that could delay the transfer of ownership. It may also affect property owners who might not receive notice of such conveyances, which could impact their ability to contest or respond to the transfer.
Sentiment
The sentiment surrounding Bill S01475 appears to be neutral, as there have been no recorded votes or significant public opposition noted in the available committee discussions. The bill seems to be primarily administrative in nature, focusing on procedural efficiency rather than introducing controversial changes to property rights or ownership.
Contention
There may be concerns regarding the lack of notice to property owners affected by tax lien foreclosures, as this could potentially lead to situations where owners are unaware of changes in ownership. However, no specific points of contention have been documented in the discussions or voting history, indicating a general consensus or lack of opposition among legislators.
Same As
Excludes real property conveyances from the written notice requirement when such property is being conveyed by the state of New York or any of its political subdivisions as part of a foreclosure proceeding.
Excludes real property conveyances from the written notice requirement when such property is being conveyed by the state of New York or any of its political subdivisions as part of a foreclosure proceeding.
Excludes real property conveyances from the written notice requirement when such property is being conveyed by the state of New York or any of its political subdivisions as part of a foreclosure proceeding.
Excludes real property conveyances from the written notice requirement when such property is being conveyed by the state of New York or any of its political subdivisions as part of a foreclosure proceeding.
Property: conveyances; requirements for the conveyance of certain property in Roscommon County and Crawford County; modify. Amends secs. 3 & 4 of 2006 PA 584.