You Can’t Take My House! Requirements for an Assigned Mortgage Lender to Have Standing in a NY Foreclosure Case

When a property owner defaults on a mortgage in New York, the lender that owns that mortgage has the right to file an action for foreclosure against the borrower to seize the property due to non-payment. However, as in any type of legal action, the borrower has the right to assert certain defenses and simply because a request for a foreclosure was filed does not mean the borr ...Read the full article