KashHomeBuyers buys houses for cash throughout New York. This guide covers the New York-specific laws, foreclosure timelines, disclosure requirements, and market conditions that every NY homeowner should understand before selling.
New York uses Judicial foreclosure. Timeline: 445-900+ days (longest in US).
If you're facing foreclosure, a cash sale closes far faster than the foreclosure process completes — giving you time to exit cleanly with your credit intact.
Residential Property Disclosure Act — OR pay $500 credit in lieu. Most sellers pay the credit rather than disclose.
Transfer tax in New York: 0.4% state + local.
Probate in New York takes approximately 6-18 months. We work with estate attorneys and can close quickly once court authorization is received.
New York has no post-foreclosure redemption period.