Under the Foreclosure Abuse Prevention Act (“FAPA”), effective as of December 30, 2022, a lender in a New York foreclosure or quiet title action can be estopped from asserting that the subject mortgage loan was not validly...more
In New York civil actions, where a defendant fails to answer the complaint, the next step is usually a motion for a default judgment pursuant to CPLR 3215. However, in residential mortgage foreclosure actions, the plaintiff...more
11/8/2024
/ Banks ,
Borrowers ,
CPLR ,
Default Judgment ,
Foreclosure ,
Judicial Intervention ,
Mortgage Lenders ,
Mortgages ,
Motion to Dismiss ,
New York ,
Settlement Conferences
New York Governor Kathy Hochul recently signed off on anti-deed theft legislation, as outlined in Senate bill 2023-S.6577 with companion Assembly bill 2023-A.6656.[1] The Governor signed the new legislation on November 14,...more
12/7/2023
/ Deeds ,
Fraud ,
Homeowners ,
Legislative Agendas ,
Mortgage Lenders ,
Mortgage Servicers ,
New Legislation ,
New York ,
Popular ,
Scams ,
State and Local Government ,
Theft