New York A08793 allows the village of Bloomingburg to contract with private parties to sell or pledge delinquent tax liens as collateral.

New York A08793 authorizes the village of Bloomingburg to enter into contracts with private parties to sell or pledge as collateral some or all of its delinquent tax liens. The village can set the terms and conditions of these contracts. Property owners must be notified at least 30 days in advance of any sale. The village has the option to repurchase liens within 30 days of notification. If the village fails to repurchase, the private party can foreclose. The act takes effect immediately.

New York A08793 allows the village of Bloomingburg to contract with private parties to sell or pledge delinquent tax liens as collateral.

New York A08793 authorizes the village of Bloomingburg to enter into contracts with private parties to sell or pledge as collateral some or all of its delinquent tax liens. The village can set the terms and conditions of these contracts. Property owners must be notified at least 30 days in advance of any sale. The village has the option to repurchase liens within 30 days of notification. If the village fails to repurchase, the private party can foreclose. The act takes effect immediately.