New York recently passed legislation called the Good Cause Eviction Law. The Law dramatically changes the rights and obligations of both landlords and residential tenants in New York City by capping rent increases, limiting grounds for eviction, and requiring lease […]
The Foreclosure Abuse Prevention Act (FAPA) was signed by Governor Hochul effective December 30, 2022. Since then, the Courts have been split on whether this Act is retroactive. What does this mean for the borrower on a residential mortgage? It […]
Did you know that some student loans are eligible for standard bankruptcy discharge? Although many student loans are subject to an “undue hardship” standard and require a separate proceeding to be discharged in bankruptcy, some private student loans can be […]
Foreclosure Abuse Prevention Act (FAPA) was signed into law by Governor Hochul on December 30, 2022. This law intends to eliminate abusive and unlawful litigation tactics in mortgage foreclosure actions that manipulate the law and the courts in favor of […]
With the recent increase in storms that have wreaked havoc in Westchester County by bringing severe flooding and causing incalculable amounts of property damage, the County has passed a new law, called the “Flood History Disclosure Law” requiring landlords to […]
NY Residential Foreclosure Case On July 21, 2022, the Supreme Court of the State of New York, County of Kings, granted the Defendants (borrowers) motion for summary judgment in HSBC Bank v. Freda Nierenberg, Reuben Nierenberg, Index No. 504903/2016. Clair […]
When a property is foreclosed upon, generally because of a defaulted mortgage, it is sold at a public auction. The proceeds of the sale are used to pay the outstanding mortgage of the lender. If the price paid is more […]
How a New York Foreclosure Attorney May Help Please keep in mind that this list below may be long but is definitely not exhaustive of all of the legal terms and definitions you may come across if you find yourself […]
For a commercial tenant, obtaining and keeping a lease is critical to the success of the business. Losing a commercial lease through forfeiture based on an alleged lease violation can threaten a business’s survival. To make things worse, with the eviction moratorium […]
New York requires that home loan borrowers receive notice of a potential foreclosure proceedings prior to commencement. This requirement is found in RPAPL 1304 which details the specific notice that lenders must serve at least 90 days before commencement of […]