New Yorkers for Responsible Lending (NYRL) has released a report showing wide variations in the way foreclosure settlement conference rules are implemented, depending on where homeowners live. The group’s report, titled “Divergent Paths: The need for more uniform standards and ...

Tagged with: foreclosure New Yorkers for Responsible Lending

ALBANY — New York’s top bank regulator on Tuesday proposed amending state law to shorten the foreclosure process for homes with delinquent mortgages. Department of Financial Services Superintendent Ben Lawsky, addressing mortgage bankers, said New York’s process averages 900 days ...

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ALBANY — New York’s attorney general launched a new Web-based app on Tuesday to help struggling homeowners determine whether offers of foreclosure rescue are legitimate or scams. Using up to $100 million from bank settlements following the housing market collapse, ...

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Appellate Division, Fourth Department Foreclosure Equitable Action — Abuse of Discretion Meadowlands Portfolio v. Manton CA 13-01591 Appealed from Supreme Court, Jefferson County Background: The plaintiff commenced a foreclosure action seeking the total amount due under a settlement and release ...

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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 ...

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Appellate Division, Fourth Department Foreclosure Amendment of Judgment — Illegal Subdivision Brandywine Pavers Inc. v. Bombard, et al. CA 13-00059 Appealed from Supreme Court, Onondaga County Background: The plaintiff commenced action to foreclose on a mortgage that was secured by property ...

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Appellate Division, Fourth Department Foreclosure Default Judgment — Waiver of Default Interest The Ekelmann Group v. W. Dean Stuart CA 12-02215 Appealed from Supreme Court, Steuben County Background: The defendant was a mortgagor, borrower or debtor on several mortgages and promissory ...

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Appellate Division, Fourth Department Foreclosure Fraud in Execution — Failure to Read the Mortgage and Promissory Note Dasz, Inc. v. Meritocracy Ventures, LTD, et al. CA 12-01858 Appealed from Supreme Court, Chautauqua County Background: The plaintiff commenced a foreclosure action after the ...

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New York State Court of Appeals   Foreclosure Lien Priority — Construction Loans Altshuler Shaham Provident Funds Ltd. v. GML Tower LLC No 115 Judge Read Background: A mortgage foreclosure action arose from a failed redevelopment of a hotel complex consisting of ...

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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 ...

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An unkempt vacant home or building with uncut grass and other unsightly issues can be a source of frustration with neighbors who make a point of keeping up their properties. And it’s a source of frustration for government officials, who ...

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WASHINGTON — Five of the biggest U.S. banks have cut struggling homeowners’ mortgage balances by $19 billion, part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses. More than 550,000 borrowers received some form ...

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