Updated about 8 years ago on .
How do Private Lender deal with foreclosure in New York?
Hi there New York! My name is Ted Rivera and I am a private lender here in the big state of Texas. I am hoping I can get some insight from those who private lend in New York, with regards to lending. I just read that your state foreclosure process could take from 2 to 3 years to get the property sold at auction. That is a long time to have funds tied up in the judicial system. Is there a creative way to lending in New York that provides a more secure method of returns and the avoidance of having your funds tied up for that length of time?