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New York · Through 2026-09-11

N.Y. State Finance Law § 153: Sale in parcels

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Where this section sits in the code
  1. State Finance Law
  2. Article 10. Mortgages

§ 153. Sale in parcels. On any such foreclosure, if any person having

title to a part of the mortgaged premises, by conveyance from or through

the mortgagor, delivers to the comptroller an affidavit stating that he

has such title, and describing with certainty such part, the comptroller

on the sale under such foreclosure shall cause to be first sold that

part of the mortgaged premises not specified in the affidavit. If the

part so sold does not produce enough to satisfy the amount so unpaid and

costs and expenses he shall immediately cause such part or parts of the

premises as have been conveyed by the mortgagor and described in any

such affidavit, to be sold, and if more than one part of such premises

has been so conveyed, and an affidavit made as herein required, the

comptroller shall cause such parts to be sold in the inverse order of

the dates of such conveyances, if it is necessary to sell them,

commencing with the part last conveyed by the mortgagor, and such sale

shall cease when the proceeds of the sale are sufficient to satisfy the

amount so unpaid and such costs and expenses.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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