The income-based mitigation plan is for those who have experienced hardship such as death, illness or loss of income from a property owner. If you do not have other unpaid invoices with us, we cannot set up an IAP until an invoice has been generated. Continue payments until you get an invoice. The AID PT program may not be suitable for all homeowners and there are a few thoughts you should keep in mind before taking a deferral plan. Owners who enter into these plans should keep in mind that all outstanding debts are interest that DOF has currently set at 7 percent. Owners should also take into account that all information related to the payment plan is publicly included in the city`s real estate transaction log. Also note that the unpaid amount, plus interest, is due with the sale or transfer of the house to a new property or when the owner dies. In addition to contacting us directly, you can learn more about the tax deposit program, the relationship between Tower and trust, and your refund options and responsibilities by reading the answers to frequently asked questions below. A decision to sell a tax deposit was published at least 60 days before the date of the sale and not less than ten days before the date of the sale. At that time, a list of tax instructions for sale was made available to the public in the Office of the City Register in the Bronx, Queens, Brooklyn and Manhattan, as well as in the Office of the County Clerk on Staten Island. The New York City Department of Finance has mailed a notice of sale to any registered owner of the property or other registered interested party at least 30 days prior to the date of sale. The Ministry of Finance also sent a notice of sale by first-class mail to each registered property owner within 90 days of service of the tax deposit certificate. In addition, Tower regularly sends delinquency letters to property owners and interested individuals using mailing addresses that are compliant with the Department of Finance.
In addition, you can view your property tax documents on the City`s Ministry of Finance website. There will be an indication of your statements indicating that the property is sold under pledge status. The fastest and easiest way to apply for an API is through your online services account. You can apply online if the IAP: Note: If you can pay your credit in full within 60 days, you do not need to apply for a DPI; Instead, ask for a single extension….