Brooklyn – Assemblywoman Millman sent letters to over 150 property owners in the 52nd Assembly District listed on New York City’s annual lien sale list. It is critical that property owners resolve these liens to avoid the sale of the lien to a third party. Upon sale of the lien to the third party, a five percent surcharge can immediately be levied, along with eighteen percent interest on the lien, compounded daily.
“My goal is to make sure current lien holders receive accurate information necessary to resolve the situation and avoid sale of the lien to a third party,” said Millman. “Many individuals, such as seniors, active military and individuals with disabilities, are not aware that they may be exempt from the lien sale list. However, for the lien to be removed, they must contact the appropriate city agency.”
Millman continued, “I am also working to ensure that current lien holders don’t fall victim to predatory lenders. Because the lien sale list is made public, predatory lenders often target property owners they see listed. I strongly encourage any current lien holders to attend the upcoming outreach session in Brooklyn.”
Brooklyn residents listed on the 2010 lien sale list can attend an upcoming outreach session, held on Thursday, April 8, 2010 from 5:00 pm to 7:00 pm at 210 Joralemon Street, First Floor. This session will include representatives form the New York City Department of Finance, Department of Environmental Protection and Department of Housing Preservation and Development.