Tuesday, January 5, 2010

MORTGAGE FORCLOSURE

As I posted earlier, on December 15, 2009, NYS Governor David Paterson signed a new law that requires any lender or settler seeking to foreclose on a mortgage and the mortgage holder to participate in a settlement conference before the Court. Anticipating an influx of additional activity, the Court has asked the Nassau County Bar Association to help provide pro bono legal representation to homeowners during these settlement conferences. The mandatory court settlement conferences are being held in Nassau Supreme Court five sessions a week, at 11 a.m. and 2 p.m. on Wednesdays and Thursdays, and 9:30 a.m. on Fridays. Volunteer attorneys represent the homeowners for that day only. Housing counselors from Nassau County are in attendance as well to assist in loan modifications. I will be a volunteer lawyer tomorrow at the 11am session.

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