A foreclosure sale has been completed in Nassau County, New York, and the successful bidder was a third-party investor. However, the court has not yet confirmed the sale. During this period, what is the status of the property ownership?
Correct Answer
C) The original borrower retains title until the court confirms the sale
In New York, the original borrower retains title to the property until the court confirms the foreclosure sale. The sale is not final until court confirmation, and during this interim period, the borrower remains the legal owner, though subject to the pending sale confirmation.
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