New York State instituted new requirements for filing foreclosure
documents effective immediately to stem a wave of foreclosures that were
not documented properly, The Wall Street Journal reported Wednesday in
its online edition. Foreclosure claims must now reportedly have a lawyer
file an affirmation that reasonable steps have been take to verify the
accuracy of the information in the documents.
"We cannot allow the courts in New York State to stand by idly and be
party to what we now know is a deeply flawed process, especially when
that process involves basic human needs-such as a family home-during
this period of economic crisis," said New York State Chief Judge
Jonathan Lippman, according to the Journal.
The marketwatch article links here.
http://www.marketwatch.com/story/ny-changes-rules-for-filing-foreclosures-wsj-2010-10-20
This is the link to the press release from the Unified Court System of New York.
http://www.nycourts.gov/press/pr2010_12.shtml
No comments:
Post a Comment