Chief Judge of New York Judith S. Kaye responded Wednesday to the dramatic rise in residential foreclosure filings throughout New York by announcing a new statewide program intended to educate homeowners and facilitate early negotiations and settlements.
The Residential Foreclosure Program will begin with a trial run this summer in Queens, the epicenter of the state’s foreclosure crisis, and spread to the rest of the state’s courts this fall. The key components of the plan will be notifying parties as soon as practicable of community resources, holding early conferences before a hearing officer to develop a settlement or case management plan and hiring dedicated, specialized court personnel.
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