Bronx, NY asked in Real Estate Law for New York

Q: How long does it take to close on a house that was sold at auction? ( New York )

The property was auctioned on January 29, 2020 . As of today’s date July 10,2020 there has been no closing.

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2 Lawyer Answers
Elaine Shay
Elaine Shay
PREMIUM
Answered
  • New York, NY
  • Licensed in New York

A: In NY you are generally required to close within 30 days of winning an auction.

Michael David Siegel
Michael David Siegel
Answered
  • New York, NY
  • Licensed in New York

A: It depends on the sale terms. If a court foreclosure auction, the buyer usually has 30 days. But any auction is governed by terms of sale handed out at the auction.

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