LENDER ALERT PART II: Changes to New York Foreclosure Laws Effective December 20, 2016

LENDER ALERT PART II: Changes to New York Foreclosure Laws Effective December 20, 2016 | Michael L. Moskowitz

By Michael L. Moskowitz and Michele K. Jaspan

In Part I we highlighted how the amendments to the NY Real Property Actions and Proceedings Law (“RPAPL”), which became effective on December 20, 2016, affect lenders duties and obligations with respect to vacant and abandoned properties in foreclosure. In Part II we will address how the RPAPL amendments impact the foreclosure settlement conferences and pre-foreclosure notices.

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