There are approximately 78,000 pending foreclosure cases in NY

To read a fascinating report on the current state of foreclosures in NY brought to you by the Chief Administrator of the Courts click here.

Some highlights include the following:

1. Over 20,000 more foreclosure cases were pending in 2010 than 2009;
2. 40% of the total cases pending in Supreme Court Suffolk County are foreclosures;
3. This year through October 42,536 foreclosure cases had settlement conferences;
4. In 2010, the default rate on appearing at any point during a foreclosure case was 20% by homeowners;
5. Only 27% of homeowners have representation during foreclosure settlement conferences; and
6. This year through October only 4,062 settlements occurred in foreclosures. 

Your License = Your Livelihood

We get many questions at our school about the process that happens when someone makes a complaint to the Department of State about your actions as an agent. To learn about the Licensing Complaint Resolution Process, click here.

Department of State Update - For Real Estate License Renewal

ONLINE RENEWAL FOR REAL ESTATE LICENSEES

Beginning February 1, 2010, Licensees will no longer be sent a paper renewal in the mail. In accordance with New York’s Green Initiative, the Division of Licensing Services will be requiring that all real estate licensees renew their licenses online. When a license is due for renewal, the licensee will be notified in two ways: a postcard reminder will be sent to the licensee’s business address and an email reminder will be sent to the email address provided in the licensee’s eAccessNY account. In addition, brokers will be included in the email reminders(a “cc” copy) for any salespersons and associate brokers who are employed by their office. Both of these renewal reminders will include instructions on how to renew a license online utilizing eAccessNY.

The online renewal process is a much quicker and more efficient process. Online renewal applications that meet the requirements will be approved immediately and licensees will receive their License and Photo ID Card within two to three weeks.

Instructions for Completing an Online Renewal

To renew your license online you must have an active eAccessNY account and follow the directions below:

• Go to the Department of State website, www.dos.state.ny.us, and select the eAccessNY link (to the right of the screen)
• Select “access” link under item 3, “Access My Account” and log into your account
• Select list of licenses/select the license number you wish to renew
• Select the “Renew License” link and complete the online application


If you have not yet activated your eAccessNY account, NOW is the time. Please email us at eAccessNY@dos.state.ny.us to obtain a password for your account.

Further updates will be posted as we move forward with this new requirement.