Wednesday, June 5, 2013

NEW YORK MORTGAGE FORECLOSURE - THE SHADOW DOCKET

If you recall the May 31 blog on the press announcement by the New York State Attorney General's office on proposed legislation regarding the "shadow docket", yesterday, another press release was announced:

A.G. Schneiderman Sues HSBC For Holding Hundreds Of Struggling Homeowners In Legal Limbo

As the press release notes:

"Suit Alleges That By Failing To Follow New York Law, HSBC Has Trapped Hundreds Of New Yorkers Facing Foreclosure In The “Shadow Docket”

Schneiderman: The Law Is Clear And I Will Prosecute Any Lender That Denies New York Homeowners Their Legally Mandated Right To Negotiate Alternatives To Foreclosure"

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