January 10, 2023 | New York Law Journal
Enactment of the Foreclosure Abuse Prevention Act: A Guide for PractitionersThe "Foreclosure Abuse Prevention Act" restored settled statute of limitations law and provides much-needed certainty to New York's property markets.
By Jacob Inwald and Christopher Newton
6 minute read
April 08, 2022 | New York Law Journal
The Foreclosure Abuse Prevention Act: Not a Radical ChangeHomeowner advocates write that the proposed "Foreclosure Abuse Prevention Act" would restore settled statute of limitations law and provide much-needed certainty to homeowners fighting foreclosures.
By Jacob Inwald and Rachel Geballe
7 minute read
November 19, 2020 | New York Law Journal
Resumption of Court Activity in Residential Foreclosure Cases in the New York City Supreme CourtsWe appreciate the many challenges the judiciary confronts as it struggles both to adapt to virtual proceedings and to resume some in-person proceedings, but clearer guidance from the Unified Court System on uniform requirements for formal notice calculated to reach litigants is critical.
By Jacob Inwald
13 minute read
May 11, 2018 | New York Law Journal
Residential Foreclosures: Reverse Mortgage Foreclosure ProtectionsBudget legislation recently signed by the Governor introduced an important new pre-foreclosure notice specifically addressing defaults triggering reverse mortgage foreclosures affecting senior homeowners, while also making a technical fix to changes governing pre-foreclosure notices and settlement conferences for reverse mortgages that were signed into law in 2017.
By Jacob Inwald
7 minute read
July 25, 2017 | New York Law Journal
Residential Foreclosures: Reverse Mortgages Now Covered in New YorkJacob Inwald of Legal Services NYC writes: Important changes governing pre-foreclosure notices and settlement conferences for reverse mortgages were signed into law on April 20, 2017, requiring 90-day pre-foreclosure notices in all reverse mortgage foreclosures and requiring settlement conferences in many reverse mortgage cases.
By Jacob Inwald
9 minute read
July 29, 2016 | New York Law Journal
Residential Foreclosures: Legislative Changes to Settlement Conference LawJacob Inwald discusses amendments to the foreclosure conference process enacted in the waning hours of the 2016 session that fill many of the gaps that the original legislation left open, so there is now hope that the settlement conference law will be more rigorously implemented in all jurisdictions, with uniform consequences to deter its violation, and the legislature's intent to prevent avoidable foreclosures and encourage home-saving loan modification solutions more effectively implemented across New York State.
By Jacob Inwald
23 minute read