Info Session on Upcoming NYC Lien Sale This Thursday

With New York City holding its annual lien sale next month, when outstanding debt from unpaid property taxes, water charges, and other municipal fees are sold to third-party debt collectors, a Brooklyn councilman is hosting a meeting for property owners with outstanding liens.

Councilman Kalman Yeger is hosting the free seminar to help property owners find out how they can save money and aggravation. The meeting takes plan from 5:00-7:00 p.m. this Thursday at the Community Board 12 office, located at 5910 13th Avenue.

Officials from the city’s departments of Finance, Environmental Protection, and Housing Preservation and Development will be available to meet with property owners to settle outstanding balances. It’s also the ideal opportunity for New Yorkers to ask about penalties and fees that they believe are unfair.

The lien sale occurs on May 16th, so property owners must act before then. The Department of Finance sends warnings to at-risk properties before the sale date, and a list is also available online at www1.nyc.gov/site/finance/taxes/property-lien-sales.page.

Property owners may be eligible to enter into payment agreements for past-due debts, with no down payment required.

“No one wants to deal with a debt collector, which is what happens if your debt ends up being sold at a lien sale,” Yeger said. “Please don’t let this happen to you or to your elderly family members. This is just a two-hour meeting, but it could save you thousands of dollars and years of tzaros.”

This article appeared in print on page 40 of the April 11th, 2018 edition of Hamodia.