On July 24, 2020, the New York State Courts issued Administrative Order 157/20 (AO/157/20). Effective July 27, 2020, AO/157/20 removes the formal suspension of all residential foreclosures, but keeps a limited suspension of...more
7/31/2020
/ Borrowers ,
Commercial Property Owners ,
Coronavirus/COVID-19 ,
Court Schedules ,
Financial Distress ,
Forbearance Agreements ,
Foreclosure ,
In Pro Per ,
Moratorium ,
Mortgages ,
New York ,
Remote Hearings ,
Residential Property Owners ,
Settlement Conferences
On June 17, 2020, New York Governor Andrew Cuomo signed Senate Bills 8243C and 8428 into law, adding Section 9-x to the Banking Law. The section creates new procedures for mortgagors and servicers in relation to forbearances...more