N.Y. Real Property Actions & Proceedings Law § 1392: Foreclosure actions involving abandoned properties

§ 1392. Foreclosure actions involving abandoned properties. If a

property has been certified abandoned pursuant to section nineteen

hundred seventy-one of this chapter, or deemed vacant and abandoned

pursuant to section thirteen hundred nine of this article, the city,

village, or town in which the property is located may commence a

proceeding in a court of competent jurisdiction in the county in which

the property is located to compel any or all mortgagees to: (a) if the

note is in default, the mortgagee shall commence a foreclosure procedure

within three months and shall meet all deadlines to ensure the case is

ready to be moved to judgment within a reasonable time period but not to

exceed one year; (b) if a foreclosure has already been commenced, file

the necessary motions and within three months paperwork to move the case

to judgment foreclosure within three months; or (c) issue a certificate

of discharge of the mortgage within three months and file a satisfaction

of the mortgage with the appropriate local office.