Last year, as we reported, the Second Circuit requested that the New York Court of Appeals rule on two certified questions concerning predicate notices in foreclosure actions. On March 30, 2021, the Court of Appeals issued...more
The New York Court of Appeals reversed four Appellate Division decisions and decided in favor of the mortgagees in a consolidated decision issued on February 18, 2021, ruling, inter alia, that...more
On July 24, 2020, the New York State Courts issued Administrative Order 157/20 (AO/157/20). Effective July 27, 2020, AO/157/20 removes the formal suspension of all residential foreclosures, but keeps a limited suspension of...more
7/31/2020
/ Borrowers ,
Commercial Property Owners ,
Coronavirus/COVID-19 ,
Court Schedules ,
Financial Distress ,
Forbearance Agreements ,
Foreclosure ,
In Pro Per ,
Moratorium ,
Mortgages ,
New York ,
Remote Hearings ,
Residential Property Owners ,
Settlement Conferences
On June 17, 2020, New York Governor Andrew Cuomo signed Senate Bills 8243C and 8428 into law, adding Section 9-x to the Banking Law. The section creates new procedures for mortgagors and servicers in relation to forbearances...more