1195

In addition to the definitions set forth in section eleven hundred two of this article, for purposes of this title:\n1. 'Former homeowner' means a person or persons who lost title to and/or ownership of residential property due to a tax foreclosure.\n2. 'Public sale' means a sale resulting from a public auction conducted in accordance with the provisions of section two hundred thirty-one of the real property actions and proceedings law.\n3. 'Surplus' means the net gain, if any, realized by the tax district upon the sale of tax-foreclosed property, as determined in the manner set forth in section eleven hundred ninety-six of this title. Where no such gain was realized, no surplus shall be attributable to that sale.\n4. 'Tax-foreclosed property' means a parcel as to which a judgment of foreclosure has been issued pursuant to section eleven hundred thirty-six of this article.