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Showing posts with label Lenders Are Now Required to Maintain Vacated Residential Property at Start of Foreclosure. Show all posts
Showing posts with label Lenders Are Now Required to Maintain Vacated Residential Property at Start of Foreclosure. Show all posts

Wednesday, December 22, 2021

22 Dec

It's Official! Lenders Must Maintain Vacated Residential Property at the Start of a Foreclosure Action

As you may recall, a proposed bill (S1579A) was submitted to Gov. Hochul earlier this month seeking to amend the RPAPL and require lenders, assignees, or mortgage loan servicers to maintain and upkeep vacant residential property at the beginning of a foreclosure action, rather than towards the end of it. On December...