N.Y. Real Property Tax Law 1164 – Consolidation of actions or proceedings
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§ 1164. Consolidation of actions or proceedings. Actions or proceedings pending in the courts, or otherwise, to cancel a lien which is being foreclosed by a proceeding under this article, shall be terminated upon the institution of a foreclosure proceeding pursuant to this article, and the rights and remedies of the parties in interest to such pending actions or proceedings shall be determined by the court in such foreclosure proceeding.
Terms Used In N.Y. Real Property Tax Law 1164
- 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.