Legal Question in Real Estate Law in New York

Re: Can they take my other assets

First they will foreclose on the mortgage. Then the property will be auctioned. If the price obtained covers the mortgage principal, interest court costs, attorney fees and interest, you would be home free.

But rest assured, it won't. Then a deficiency judgment will be entered against you, and your other assets will be fair game for the marshal to levy against.

Consult an experienced attorney for advice. You will save in the long run.

This post is not legal advice and does not create an attorney-client relationship. It is a comment on the legal question posed by the poster and should not be relied upon in any way. All readers are advised to consult an attorney to address their specific legal concerns. Additional facts could affect the answer given.