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Mortgage Lenders Must Notify HPD Of Residential Foreclosures In NYC Now
Foreclosure Notification: Local Law 4 of 2012 The New York City Council recently enacted legislation (Local Law 4 of 2012) requiring mortgagees (i.e., lenders) to notify the Department of Housing Preservation and Development (HPD) within fifteen days when they do any of the following: commence a mortgage foreclosure action against any residential property in New […]
Mortgage Lenders Must Notify HPD Of Residential Foreclosures In NYC Now
/in Foreclosure & Loan Mod Blog /by Scott LaninForeclosure Notification: Local Law 4 of 2012 The New York City Council recently enacted legislation (Local Law 4 of 2012) requiring mortgagees (i.e., lenders) to notify the Department of Housing Preservation and Development (HPD) within fifteen days when they do any of the following: commence a mortgage foreclosure action against any residential property in New […]
BofA Tries Home Rental Program
/in Foreclosure & Loan Mod Blog /by Scott LaninUnable to qualify for modifications on Bank of America mortgages, a few of California’s most distressed homeowners are being offered one last chance to stay in their homes: Become renters instead. Read about it here.