Suffern, NY · Member since 2015 · 11 posts · 2 votes
Hi all,
I have been putting an eye on this property for a number of years. I have tried to contact the owner but did not get any response. I recently found out that the City (NYC) got involved and sold the tax lien to the Bank of New York also known as BNY Mellon. BNY Mellon is the trustee whatever that means. I thought, oh good, now it should be really easy to get through to the entity in control of the property...apparently it is just as difficult as it was trying to contact the obscured owner before. I am running to a dead end here and need some help. I have to get to the bottom of it. I would hate to see somebody else taking over. Making several assumptions, true, I believe this could be an amazing deal!!! I want to buy it and I cannot locate the person or entity in control of it. Any ideas anyone? Many thanks in advance.
How did you find out BNY is the new owner and how have you tried contacting them? Their should be a real estate trust division, not sure if that's what they call it but i'm sure you can find the name with a little googling.
I are sure they bought the tax lien or were they the lender and foreclosed on the owner?
Thanks so much for your reply. It appear that they bought the tax lien from the City. I found out this information on Acris. And you are also correct that they have a real estate asset management department. Though the contact number may be under my nose so far I was only able to reach a phone number that has an electronic message to all callers including an email address to which I have not received and reply as of yet...I googled of course but so far fishing nothing but dead ends.
Boaz: if the lien is not paid off by the debtor, the property will eventually be sold at auction in the courthouse and you will have lots of competition for the property. If you have never been to one of those auctions I highly recommend it for the education value along with the possibility that you might just get lucky and be the high bidder. See below from the Bronx County Supreme Court website:
Judicial foreclosure auctions are held in Bronx Supreme Court on Mondays at 2:00 PM in Room 600 at the Bronx County Courthouse.
These auctions apply to the sale of real property. They do not include the sale of co-operative apartments.
The Court does not provide lists of properties up for sale.
Notices of Sale on foreclosed properties shall be served on the Ex-Parte Office at least ten (10) days prior to the scheduled date.