NY S02257

Authorizes cities and villages to sell delinquent tax liens to private parties through December 31, 2018 for liens attached to property on or before January 31, 2019.

Requires city/village councils to hold public hearings with at least 45 days' notice before selling tax liens, and property owners must receive at least 30 days' advance notice of any sale.

Permits tax lien purchasers to foreclose on properties after the redemption period expires, but property owners have the right to enter into payment plans of 24 to 48 months before foreclosure begins.

Cities and villages may repurchase liens from private purchasers within 30 days of receiving a foreclosure list at the original sale price plus accrued interest, and must file annual reports with the State Comptroller on sale outcomes and complaints.

Establishes a two-year deadline for tax lien purchasers to commence foreclosure actions; failure to file notice of termination within 10 days of redemption or sale results in a $100 civil penalty imposed by the county clerk.