Bruce J. Bergman ()
Unsatisfied with borrower and community protections afforded by the multiple statutory amendments of recent years, the Legislature passed a new omnibus foreclosure law (L. 2010, ch 73), effective Dec. 20, 2016. Our review of the changed 90-day notice mandates titled “New 90-Day Notice Rules: A Potential Morass for Lenders” appeared in these pages previously (NYLJ, Sept. 14, 2016, at 5 col. 6). Now addressed are the multitudinous issues created by changes addressed to judgment and sale, conveyance impositions, settlement conferences, maintenance obligations and the expedited procedure for vacant and abandoned properties.
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