It’s no secret that New York is an expensive place to call home. While trying to keep up with everyday expenses or an unexpected change in income, you might have fallen behind on your mortgage payments and found yourself facing foreclosure. Now, you may be wondering if it’s even possible to sell a house in foreclosure in NY.

Whether you own a home on Long Island, in the Hudson Valley, or further Upstate, the answer for many homeowners is yes. However, there’s an important limit to what’s possible, and that’s timing. Even with NY’s long court-based process, selling can still take a while, and a pending contract doesn’t necessarily stop foreclosure.

Foreclosure is overwhelming, but the most important part is understanding what legal deadlines you have, how much time you have, and what action you can take based on your situation. We’ll go over how New York’s process works and what selling options may be possible to help you avoid long-term financial damage.