On May 24, 2021, Chief Administrative Judge Lawrence Marks issued Administrative Order 159/21 (AO/159/21) to extend the stay of residential foreclosure actions through August 31, 2021, for cases in which the mortgagor submits...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