MORTGAGE FORECLOSURE - MANDATORY SETTLEMENT CONFERENCE

As a volunteer attorney yesterday for the Nassau County Bar Association, I notices dome recent changes:

1. There are 3 calendar calls. The sessions now last longer.

2. It appears that after a homeowner makes a loan modification application while in settlement conference part and is denied, the matter is taken out of the mandatory settlement conference. Thus, foreclosures in Nassau may start going faster.

3. At the settlement conference, an order is given directing the homeowner to submit the modification papers by a certain date, for the bank to review by a certain date, and then an adjournment to a certain date.