The Brooklyn residential landscape faces a significant threat as over 11,000 homes are at risk of being sold in the city's 2025 tax lien sale, resuming after a hiatus since 2021. The New York City Department of Finance emphasizes that homeowners have until June 2 to take action to prevent unpaid property debts from being passed to private entities, which could initiate foreclosure processes. The lien sale encompasses various neighborhoods, underscoring the widespread impact of unpaid taxes, sewer, and water bills on local residents.
The Department of Finance has issued a stark warning regarding more than 11,000 Brooklyn homes that are at risk of being included in the 2025 tax lien sale, a process that resumes after a pause since 2021. The sale will shift unpaid property debts, which include taxes and utility bills, to private investors, potentially leading to foreclosures for homeowners.
Homeowners must act quickly to avoid the repercussions of the tax lien sale that is set to begin on Tuesday. The cutoff date to resolve unpaid taxes is June 2, 2025, by visiting the city's Property Tax Lien Sale website or calling 311 for assistance.
Collection
[
|
...
]