New York S03676 amends the definition of "residence" and "residential real property" in the real property law.
New York S03676 amends the real property law to redefine "residence" and "residential real property." The new definition specifies that "residential real property" includes one- to four-family dwelling units, one of which the equity seller occupies or occupied at a time immediately prior to the equity sale. This act takes effect immediately upon enactment.
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