This page provides basic information about divorce and a general overview of the divorce process in New York. A Separation Agreement establishes the terms of a marriage separation.Use our free, simple template to divide your assets and duties with your spouse. The Office of the City Register records and maintains New York City real property and certain personal property transfer records, such as mortgage documents. Read our post to learn about equitable property distribution in New York and how divorce can affect your financial future. You can create a Divorce Settlement Agreement to clearly define the terms of the settlement with your spouse. Just type in the Property Address, Confirm the Property Location, and select "Property Rent Control Status" under "Request Category. A property settlement agreement becomes a legally binding part of the final judgment when your marriage is officially dissolved. When you are included in the lien sale, the City of New York sells your debt to an authorized buyer. The buyer then has the right to collect what you owe.