Chief Judge Jonathan Lippman announced a new
court initiative that will allow homeowners who have received default notices
to obtain an Albany foreclosure attorney
and have their dispute settled out of court to streamline the process. The new
initiative was announced during his annual State of the Judiciary address on
February 14th and will be tested first in New York City as reported
by Reuters.
The deal between the state, legal service groups and four
large banks-Wells Fargo, Citibank, Chase and Bank of America- will allow the
foreclosure process to be streamlined.
Lippman said the court is trying to avoid scenarios that can
delay the foreclosure process such as homeowners being told their paperwork in
out of date or legal representation for banks claiming to have incomplete sets
of documents.
Last year New York became the first state to require that
lawyers for lenders must verify the accuracy of all
mortgage documents.
Each week of the month will be assigned to a particular
lender where all foreclosure disputes will be handled through conferences
between the homeowners and bank attorneys.
A foreclosure is a complicated process and a homeowner who
wants to challenge a bank’s decision has many things to think about and
documents to gather. An Albany foreclosure attorney will help their client’s determine which documents
they need and how to obtain them.
An Albany foreclosure lawyer will fight to make certain a homeowner can stay in their homes.
