N.Y. Real Property Actions & Proceedings Law § 1352: Judgment foreclosing right of redemption

§ 1352. Judgment foreclosing right of redemption. Where real property

has been sold pursuant to a judgment in an action to foreclose a

mortgage, and an action is thereafter brought to foreclose or extinguish

a right of redemption in such real property, the judgment, instead of

directing a sale of the property, shall fix the right of any person

having a right of redemption therein or the right to foreclose a

subordinate mortgage or other lien and shall provide that a failure to

redeem or commence an action for the foreclosure of such mortgage or

other lien within such time shall preclude such person having a right of

redemption or the holder of such mortgage or other lien from redeeming

such property or foreclosing such mortgage or other lien, and thereafter

such person having a right of redemption or the holder of such mortgage

or other lien shall be excluded from claiming any title or interest in

such property and all title or interests of such person having a right

of redemption in, or the right to foreclose a subordinate mortgage or

other lien against such property shall thereby be extinguished and

terminated.