New York Foreclosure and Repossession Compliance
Understand the frequent issues that arise, pitfalls to avoid, and common defenses to a foreclosure action in New York.
New York is a judicial foreclosure state, meaning that the lender cannot foreclose on a home without filing a lawsuit in court. The proper path towards a foreclosure sale in New York States requires several compliance elements, both contractual and statutory. This process can be lengthy, with the majority of foreclosure actions taking over a year before going to a foreclosure sale. It is important to understand potential pitfalls in this process. The topics covered in this presentation will help guide persons responsible for commencing or defending foreclosure actions to understand the pre-foreclosure and pending foreclosure compliance requirements. This topic will also cover the role that COVID-19 has played within the foreclosure context.
• You will be able to define foreclosure.
• You will be able to describe the compliance requirements during a pending foreclosure.
• You will be able to identify the statutory, contractual, federal, and other mandatory requirements of bringing a foreclosure action in New York State.
• You will be able to review the current COVID-19-related federal and state laws surrounding foreclosure.