Archives For: property registration
New York Enacts Statewide Law Superseding Local Requirements for Registration of Mortgages in Default
New York Assembly Bill A3081, signed by Governor Hochul on November 21, effectively preempts any local law that would require mortgage lenders to register mortgages in default at any point prior to the filing of a notice of pendency in foreclosure proceedings.
20 Dec 2022
A proposed Pennsylvania bill (HB372) would require the registration of foreclosed properties with the local municipality. Once registered, foreclosing entities would be responsible for property maintenance.
3 Feb 2021
A proposed New Jersey bill (A2877) would establish a municipal registration requirement for the owner/mortgage holder of all vacant residential/commercial properties.
7 Jan 2021
The New York State Department of Financial Services (NYDFS) issued guidance to state-regulated mortgage lenders and servicers pertaining to fees paid to register mortgages in default. The guidance outlines a compliance requirement for mortgagees under the supervision of the NYDFS to remove and reverse any and all registration fees charged to the mortgagor’s account for properties registered in the State of New York.
1 Sep 2020
The Community Development Network of Maryland (CDN) issued a press release announcing the availability of a study that aims to help with the challenges of vacant, abandoned and blighted properties throughout the state.
18 Jan 2017