Tag: eviction

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NEWS: Change in Foreclosure Process?

The following is from a recent New York Times article: The nation’s top mortgage servicers are expected to sign legal agreements by the end of this week compelling them to change their foreclosure procedures, regulatory officials said Tuesday. The servicers, which violated state and local laws and regulations governing foreclosures, are agreeing to improve their […]


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News: Foreclosures to Slow Due to Document Flaws

The following is from a recent New York Times article: The foreclosure machinery that has forced millions of Americans out of their homes is beginning to seize up as some lenders and their lawyers are accused of cutting corners in their pursuit of rapid home repossessions. GMAC and JPMorgan Chase have acknowledged legal missteps, and […]


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News: 7 lenders ordered to review their foreclosure procedures

The following is from a recent Washington Post article: A top federal bank regulator said Thursday that he has directed seven of the nation’s largest lenders to review their foreclosure processes after learning about the widespread mishandling of homeowner evictions by the industry. John Walsh, acting director of the Office of the Comptroller of the […]


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Tenants and Foreclosure

Many tenants are finding out that the property they are renting has been foreclosed on. As I stated in an earlier post, NY foreclosure law now requires that tenants residing in foreclosed properties receive written notification of the change in ownership of the property. The law also requires that the tenant be allowed to remain […]


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