Archives For: NY
Tenant Protection Bills Proposed in Several States
Several pieces of legislation revolving around the subject of tenant protection have been introduced in the states of Indiana, New York and Virginia.
9 Feb 2017
New York Proposes Foreclosure Action Law
S3640 has been introduced in the New York State Senate and was referred to the Housing, Construction and Community Development Committee. The bill would require a plaintiff in a mortgage foreclosure action to maintain the subject property in good faith.
25 Jan 2017
Governor Cuomo Announces 5th Proposal of 2017 State of the State: Comprehensive Plan to Protect Seniors from Financial Exploitation and Foreclosure
The office of New York Governor Andrew M. Cuomo issued a press release announcing a comprehensive plan that will work to protect senior citizens throughout the state from financial exploitation and foreclosure.
8 Jan 2017
The New Foreclosure Statutes: A Review of the Perils
The New York Law Journal featured an article by Bruce J. Bergman of Berkman, Henoch, Peterson, Peddy & Fenchel, P.C. The article discusses the new omnibus foreclosure law that will become effective in the state of New York on December 20, 2016.
29 Nov 2016
NYCUA’s Mellin Comments on Zombie Property Law Regulations
New York Credit Union Association (NYCUA) President/CEO William J. Mellin submitted a comment letter to the state Department of Financial Services regarding their proposed regulations aimed at addressing zombie properties.
29 Nov 2016
OPINION: Recent Efforts to Speed Up Foreclosure Proceedings in N.Y.
Real Estate Weekly published an editorial discussing foreclosure timelines in the state of New York.
25 Oct 2016
Governor Cuomo Announces Proposed Regulation to Hold Banks and Mortgage Servicers Accountable for Maintaining “Zombie Properties”
The office of New York Governor Andrew Cuomo issued a press release announcing a proposed regulation that mandates banks and mortgage services report vacant and abandoned properties in accordance with new legislation signed by the Governor in June.
28 Sep 2016
Proposal Aims to Improve Foreclosure Process Tracking
The New York Law Review published an article discussing the opening of a period for public comment on a proposal to require two new pieces of paperwork in settlement conferences required by New York courts in residential foreclosures.
15 Sep 2016
Bills Proposed to Protect Reverse-Mortgage Borrowers
DS News published an article discussing several bills introduced by New York lawmakers that aim to increase protections put in place for reverse-mortgage borrowers during the foreclosure process.
29 Aug 2016
Irondequoit Must Turn Over “Zombie” Home Records, Judge Rules
The Democrat & Chronicle released an article discussing a New York State Supreme Court ruling involving a Freedom of Information Law request made by the publication in regard to the town of Irondequoit’s vacant home records.
22 Jul 2016