§ 696-b. Condemnation. Notwithstanding any inconsistent provision of any general, special or local law, a municipality shall be authorized to exercise its power of eminent domain pursuant to the eminent domain procedure law for the purpose of condemning any interest of a third party in real property which may continue subsequent to the vesting of title of real property in the municipality pursuant to a foreclosure of a tax lien, whether or not title to such real property remains with the municipality at the time of the commencement of any proceeding brought pursuant to such law.

Terms Used In N.Y. General Municipal Law 696-B

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
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