Long Island, NY Foreclosure: In New York, can I redeem my house after it sold at a foreclosure auction?

Unlike other state jurisdictions, New York does not permit a foreclosed homeowner to redeem the home after a foreclosure auction. Despite this, if the homeowner can demonstrate for instance that the foreclosure sale was improperly conducted then the homeowner may have a basis to ask the court to set aside the foreclosure sale. There are numerous technical requirements that must be complied with when any foreclosed property is being auctioned off at a public sale. Another potential and independent basis for setting aside the foreclosure sale is when the homeowner filed for bankruptcy prior to the auction. This can get complicated if there were multiple bankruptcy filings which goes beyond this response. Lastly, if the homeowner can demonstrate that s/he was not served with a copy of the foreclosure summons and complaint, then this would serve as an independent basis to not only have the sale vacated but to also have the foreclosure action dismissed. It cannot be stressed enough that anyone faced with a New York foreclosure should consult with an experienced New York foreclosure lawyer. The home is the most important asset and needs to be protected to the fullest extent.