New Legislative Changes Aim to Help Resolve Issues in NY Foreclosure Settlement Conferences

When the foreclosure crisis hit in 2008-09, New York legislators aimed to protect the rights of homeowners and help find alternative solutions to foreclosure losses by enacting a requirement for mandatory mediation and settlement conferences between mortgage lenders and property owners. Through these conferences required under Civil Practice Law & Rules 3408 (CPLR 3408), ma ...Read the full article