Author name: intelacomm

IS YOUR LENDER COMPLIANT WITH THE NEW YORK STATUTE OF LIMITATIONS? In New York an action to foreclose a mortgage may be brought to recover unpaid sums which were due within the six-year period preceding the commencement of the action.  The notice of acceleration must be “clear and unequivocal.” Find out more at https://www.wrongfullyforeclosed.com/ 

The #CARES Act put a moratorium on #foreclosing on federally-backed #mortgages, It doesn’t touch anything else. It doesn’t affect property owners associations; it doesn’t affect taxes. In short, #foreclosures for HOA fees and taxes can continue. https://www.wrongfullyforeclosed.com/ 

#NEW YORK #FORECLOSURE ASSISTANCE UPDATEAG Letitia James announced the Homeowner Protection Program, a $10 million grant part of a $20 million allocation. Over 170,000 homeowners applied for forbearance in the 1st quarter of 2020 compared to 7,000 in the last quarter of 2019.