New York Laws
Title 4 - General Provisions
1170 - Deed in Lieu of Foreclosure.

§ 1170. Deed in lieu of foreclosure. Any tax district may, when
authorized by resolution of its governing body and in lieu of
prosecuting a proceeding to foreclose a tax lien on any parcel of real
property pursuant to this article, accept a conveyance of the interest
of any person having any right, title, interest, claim, lien or equity
of redemption in or to such parcel.

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