New York surplus funds recovery

RPTL §§ 1195–1197, added in 2024, govern Article 11 tax-foreclosure surplus, with calculation and court deposit under § 1196 and claims under § 1197. File the tax-surplus notice before confirmation under RPTL § 1135.

RPTL §§ 1195–1197, added in 2024, govern Article 11 tax-foreclosure surplus, with calculation and court deposit under § 1196 and claims under § 1197. File the tax-surplus notice before confirmation under RPTL § 1135. For residential property, § 1197(4) keeps the proceeding open at least three years after confirmation if no former homeowner has claimed, treating a claim during that interval as timely.

For residential property, § 1197(4) keeps the proceeding open at least three years after confirmation if no former homeowner has claimed, treating a claim during that interval as timely. Case-specific orders and older-sale rules require review.

RPAPL §§ 1354(4), 1361 and 1362 govern mortgage surplus deposited by the sale officer with court for competing-claim decisions and payment orders. File written notice of a surplus claim before confirmation of the sale report under § 1361(1).

RPAPL §§ 1354(4), 1361 and 1362 govern mortgage surplus deposited by the sale officer with court for competing-claim decisions and payment orders. File written notice of a surplus claim before confirmation of the sale report under § 1361(1). Section 1361(2) permits a distribution motion at confirmation or within three months afterward.

Section 1361(2) permits a distribution motion at confirmation or within three months afterward. These are cash-surplus procedures, not property-redemption periods.

New York Abandoned Property Law § 1406 governs abandoned-property claims to the State Comptroller. Section 1406 allows general claims without a fixed initial cutoff, though special categories and judicial escheat may have different limits.

New York Abandoned Property Law § 1406 governs abandoned-property claims to the State Comptroller. Section 1406 allows general claims without a fixed initial cutoff, though special categories and judicial escheat may have different limits. Tax-foreclosure surplus under RPTL § 1197 follows its own rules.

Section 1406 allows general claims without a fixed initial cutoff, though special categories and judicial escheat may have different limits. Tax-foreclosure surplus under RPTL § 1197 follows its own rules.

Case-specific orders and older-sale rules require review. These are cash-surplus procedures, not property-redemption periods. Tax-foreclosure surplus under RPTL § 1197 follows its own rules.