Recent Decisions Regarding New York’s Pre-Foreclosure Requirements

Recent Decisions Regarding New York’s Pre-Foreclosure Requirements | Peter Roach

Failure to strictly comply with two of New York’s recently enacted consumer protection statutes affecting residential foreclosures, RPAPL 1304 and RPAPL 1306, which require a 90-day notice to be sent to the borrower, and specific information contained therein to be filed with the New York State Department of Finance within three days thereafter, have recently been reviewed and interpreted by the New York courts.

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