Since at least 2007, the New York State Legislature has been promulgating multi-faceted borrower-friendly statutes. While politically this was understandable, whether there was ever empirical evidence that these statutes were substantively meaningful has never been published.

What has been apparent, though, is that mortgage foreclosure actions in New York became far more difficult, much more time consuming and presented a host of traps for foreclosing mortgage holders, all leading with considerable regularity to foreclosure actions being returned to an earlier stage, or being dismissed outright. A reading of published cases readily confirms this as a fact.