Category Archive: General stuff

  • New York State Legislature Shortens Foreclosure Proceedings

    The state legislature signed Chapter 73 of the Laws of New York into law during the summer in an attempt to shorten foreclosure proceedings. New York foreclosure proceedings are some of the longest in the United States, and are now subject to expedited measures, including a notable amendment to CPLR §3408 shortening the timeline of the mandatory foreclosure settlement conference. The settlement conference requirement allows a borrower to negotiate with their lender in the hopes of preventing the borrower from losing his or her home

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