Tag: NY foreclosure law

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Foreclosure Summons and Complaint

I was just served with a foreclosure summons and complaint, what should I do? You should respond! The summons tells you that a foreclosure action has been filed and that you have twenty (20) or thirty (30) days to respond.  The complaint tells you why the foreclosure action was brought. There are several different ways […]


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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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Fighting Foreclosure After a Default Judgment.

Your lender brought a mortgage foreclosure action and obtained a default judgment against you. So, it’s game over and you are bound to lose your home to foreclosure, right? Not necessarily! The scenario usually goes something like this: Your mortgage lender brought a foreclosure action against you and allegedly had you served with a summons […]


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New York Foreclosure Law

In 2009, Governor Paterson signed foreclosure legislation aimed at protecting homeowners and tenants. Protection For Homeowners: NY foreclosure law now requires that a 90-day pre-foreclosure notice be sent to all homeowners facing foreclosure. This notice is sent prior to the start of the foreclosure action and allows additional time for many homeowners to work with […]


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