§ 1614. Binding force of mortgage, sale or lease duly made with judicial approval. A mortgage, lease or conveyance duly executed and delivered in accordance with an order of confirmation, made pursuant to the provisions of section 1613, binds the interests of the applicant therefor and of all other persons who either are parties to such proceeding or are represented therein or are not entitled to notice thereof under the provisions of section 1606.

Terms Used In N.Y. Real Property Actions and Proceedings Law 1614

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.