Friday, December 16, 2016

NEW LEGISLATION ON FORECLOSURES EFFECTIVE NEXT WEEK



New Legislation in New York States passed in the last days of the session effective December 20, 2016 which included changes to the time defendants have to submit an answer; improvements to the notices to enable homeowners to have a better understanding of their meaning; and a property maintenance provision for the financial institution/servicer including an expedited process for vacant and abandoned properties.

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