Cash offer in 24 hours. No repairs, no fees, no commissions. Close in as little as 7 days.
No obligation. Takes 60 seconds.
No obligation. Takes 60 seconds.
New York Market
New York has the longest foreclosure timeline of any state in America, with the judicial process averaging approximately 445 days from filing to sale. In 2025, the state recorded 13,664 foreclosure starts, placing it fifth nationally according to ATTOM Data Solutions. The New York City metro area alone accounted for 14,189 foreclosure starts — the most of any metro area in the country — and 1,462 completed foreclosures (REOs), second only to Chicago. The median home price in New York is $576,000 (2025), reflecting the state’s high cost of living and valuable real estate. New York requires lenders to send a 90-day pre-foreclosure notice in at least 14-point type before initiating legal action, providing early warning to homeowners. The foreclosure sale is typically scheduled about four months after the court enters judgment. While New York’s lengthy process gives homeowners more time to act, it also means that interest, late fees, and legal costs continue to accumulate, increasing the total amount owed. The state’s homestead exemption ranges from $136,975 to $204,825 depending on county, protecting home equity from other creditors but not from mortgage foreclosure. New York allows deficiency judgments if the homeowner was personally served — the lender must file a motion within 90 days of the sale’s consummation. The deficiency amount is limited to the difference between the total debt and the higher of fair market value or sale price, providing some protection against undervalued auction sales.
Know Your Rights
New York uses a judicial foreclosure process — the longest in the nation.
Lender must send a written notice in at least 14-point type, giving you 90 days before any legal action begins.
The lender files a complaint in court. You are served and have time to file an answer and raise defenses.
Court-supervised meetings with a mediator to explore alternatives: loan modifications, short sales, or repayment plans.
If no resolution, the court enters judgment. The sale must be advertised weekly for 4 weeks and completed within 90 days of judgment.
Your home is sold at public auction. Once sold, there is no right of redemption in New York.
$136,975 to $204,825 (varies by county). Protects equity from other creditors but does not prevent mortgage foreclosure.
Yes, lender must file within 90 days. Amount limited to difference between debt and the higher of fair market value or sale price.
None after the sale. You may reinstate the loan before final judgment or pay arrearage after judgment but before the sale.
Statewide Coverage
HouseBase buys houses across New York State. Here are our top service areas.
Simple Process
Sell your New York home in 3 simple steps. No hassle, no hidden fees.
Fill out our quick form or call us at (888) 818-4489. We just need a few details about your home.
Our team researches your New York property and presents a fair, no-obligation cash offer within 24 hours.
Pick your closing date. We handle all paperwork and closing costs. Get paid in as little as 7 days.
Real Stories
Example scenarios based on common seller experiences.
“I was 3 months behind on payments and didn’t know what to do. HouseBase called me back the same day, explained my options clearly, and we closed in 10 days.”
“I inherited a house in rough shape and thought I’d have to sink money into repairs. They made a fair as-is offer with zero fees. Closed on my timeline.”
“After my divorce, I couldn’t afford the mortgage alone. They took over my payments — no short sale, no credit hit. I finally had peace of mind.”
New York Questions
Common questions about selling your New York home fast.
Also serving nearby states: New Jersey · Pennsylvania
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