New York City will hold its annual lien sale next month, when outstanding debt from unpaid property taxes, water charges, and other municipal fees are sold to third-party debt collectors. To help New Yorkers settle their debts to the city, Councilman Kalman Yeger is hosting a free informational meeting for property owners with outstanding debt at the Community Board 12 office, located at 5910 13th Avenue in Brooklyn, on Thursday, April 12th, from 5:00-7:00 p.m.

Officials from the City�s Departments of Finance, Environmental Protection, and Housing Preservation and Development will be available to meet with property owners to settle their accounts. It�s also the ideal opportunity for New Yorkers to ask about penalties and fees that they believe are unfair.

�New York City�s property tax and lien system can be extremely complicated,� said Councilman Yeger. �I�m hosting this meeting because I don�t want my constituents to overpay on their taxes, and I definitely don�t want people to have the misery of dealing with professional debt collectors.�

The lien sale occurs on May 16th, so property owners must act before then. The Department of Finance sends warnings to at-risk properties before the sale date, and a list is also available online.

Property owners may be eligible to enter into payment agreements for past-due debts, with no down payment required.

�No one wants to deal with a debt collector, which is what happens if your debt ends up being sold at a lien sale,� said Yeger. �Please don�t let this happen to you or to your elderly family members. This is just a two-hour meeting, but it could save you thousands of dollars and years of tzuris.�

(YWN World Headquarters – NYC)