NY Daily Record Since 1908

ALBANY — The foreclosure crisis persists in New York, even worsening in some suburban and upstate areas, the state comptroller reported Monday. Filings against homeowners unable to make mortgage payments spiked after the housing bubble burst in the 2008-2009 recession, ...

Tagged with: Comptroller Thomas DiNapoli

Seneca County can levy property taxes on land owned by the Cayuga Indian Nation, but has no legal means of collecting them. The U.S. Court of Appeals for the Second Circuit on Thursday agreed the tribe has federal sovereign immunity ...

Tagged with: Cayuga Indian Nation property taxes Seneca County

The state is launching its New York State Mortgage Assistance Program, or NYS MAP, which will provide small loans to families struggling to avoid foreclosure. The loans will help families secure mortgage modifications to stay in their homes. Details were ...

Tagged with: foreclosure loans

It’s been years since Catherine Lennon’s house was foreclosed on, even though she was making mortgage payments at the time. It’s been two years since a group of protesters formed a blockade and successfully staved off her eviction. It’s been ...

Tagged with: eviction

Consumer attorney Rebecca Case Caico knows of a foreclosure complaint that was filed in 2009, and the homeowner’s first settlement conference wasn’t  held until 2013 — four years later. That’s one example of the thousands of inactive foreclosure cases across ...

Tagged with: homeowners settlement

LOS ANGELES — Fewer U.S. homes entered the foreclosure process or were repossessed by banks in June, the latest sign that the nation is shaking off its housing bust hangover. Lenders initiated the foreclosure process on 57,286 homes last month, ...

Tagged with: RealtyTrac

WASHINGTON — A new report says homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation’s top mortgage servicers. Such delays can plunge borrowers deeper in debt. Joseph ...

Tagged with: foreclosure homeowners

ALBANY — New York’s attorney general is suing HSBC Bank USA and HSBC Mortgage Corp., claiming they’re failing to set timely foreclosure settlement conferences required by state law. The law says mortgage lenders who sue to foreclose on residential homeowners ...

Tagged with: Attorney General

Two pieces of legislation to protect New York homeowners have been passed by the Assembly and could be passed by the Senate later this year. The “Certificate of Merit” bill (A. 5582) would help more families avoid foreclosure by bringing ...

Tagged with: Attorney General Eric T. Schneiderman

ALBANY — New York’s attorney general on Monday accused Wells Fargo and Bank of America of violating the terms of last year’s national mortgage settlement by failing to process hundreds of refinancing requests promptly. Attorney General Eric Schneiderman has notified ...

Tagged with: Attorney General Eric Schneiderman Bank of America Wells Fargo

ALBANY — New York is offering legal advisers to help homeowners navigate the complex route to fight foreclosure. Attorney General Eric Schneiderman is releasing a television public service announcement that tells New Yorkers how they can get free housing counseling ...

Tagged with: Attorney General Eric Schneiderman

LOS ANGELES — The number of U.S. homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation’s foreclosure crisis is abating amid an improving housing market. While some ...