Property Ownership
In New York, an 'in rem tax foreclosure' is initiated by:
AThe mortgage lender
BThe municipality to foreclose on tax liens when property taxes are significantly overdue✓ Correct
CThe property owner
DA judgment creditor
Explanation
In rem tax foreclosure is a proceeding initiated by a New York municipality to foreclose on unpaid property tax liens. It is an action 'against the thing' (the property) rather than against a specific person, and results in the municipality acquiring title to the property.
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