On May 12, 2023, the Supreme Court of Texas held, in a unanimous decision, that a claim to foreclose on a subrogated real property lien accrues when the refinance loan is accelerated, not when the prior loan (the payoff of...more
The law does not take effect until mid-2022 and is subject to regulations to be promulgated by the New York Department of Financial Services.
On December 1, 2021, New York Governor Kathy Hochul signed into law a bill...more
On January 29, 2021, the Texas Supreme Court confirmed that the voiding of a lender’s lien due to the expiration of the statute of limitations does not preclude the lender from foreclosing on a pre-existing lien under the...more
On December 15, 2020, New York Governor Andrew Cuomo signed into law Senate Bill 4408, which amends the Real Property Law by adding a new section 280-d. The amendment will become effective on April 14, 2021, and the...more
Click Here for PDF Loss-Mitigation Communications to Mortgage Borrowers During COVID-19 Pandemic Concern regarding the outbreak and economic impact of COVID-19 on homeowners nationwide has prompted several significant...more