New York § 152 Conditions of sale

New York Statutes

§ 152 — Conditions of sale

New York § 152

Law STFState Finance

Art. 10Mortgages

This text of New York § 152 (Conditions of sale) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. State Finance § 152 (2026).

Text

  § 152. Conditions of sale. At a sale under such foreclosure the\ncomptroller shall require the purchaser to pay, at the time of the sale,\nthe costs and expenses thereof, and at least one-fourth of the amount so\nunpaid; and for securing the remainder of the moneys due the state, on\nthe execution of a deed or of the affidavits of sale to the purchaser,\nhe may accept from the purchaser a bond and mortgage to the state on the\npremises sold, payable in six equal annual instalments, with annual\ninterest at six per centum. If the mortgaged premises sell for a greater\nsum than the amount so unpaid and the costs and expenses of the sale,\nthe comptroller shall also require the purchaser at the time of the sale\nto make payment of such surplus. The expense incurred by the\nattorney-general 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 152. Conditions of sale. At a sale under such foreclosure the\ncomptroller shall require the purchaser to pay, at the time of the sale,\nthe costs and expenses thereof, and at least one-fourth of the amount so\nunpaid; and for securing the remainder of the moneys due the state, on\nthe execution of a deed or of the affidavits of sale to the purchaser,\nhe may accept from the purchaser a bond and mortgage to the state on the\npremises sold, payable in six equal annual instalments, with annual\ninterest at six per centum. If the mortgaged premises sell for a greater\nsum than the amount so unpaid and the costs and expenses of the sale,\nthe comptroller shall also require the purchaser at the time of the sale\nto make payment of such surplus. The expense incurred by the\nattorney-general in any action or proceeding for the foreclosure of any\nsuch mortgage, shall be paid to him out of the treasury.\n