Day Pitney Presents Webinar on New York's Controversial Foreclosure Abuse Prevention Act
January 9, 2023
Webinar hosted by Day Pitney
On Monday, January 9, Day Pitney Partners Alfred Marks and Christina Livorsi hosted a webinar for lenders, mortgage servicers, and investors to discuss the wide-ranging impact of the Foreclosure Abuse Prevention Act signed into law by Governor Kathy Hochul on December 30, 2022. The Act fundamentally alters the landscape for foreclosure of a mortgage in New York. Among other things, the Act overrules the New York Court of Appeals' landmark ruling in Freedom Mortgage v. Engel, 37 N.Y.3d 1 (2021). It also retroactively applies to all pending actions and actions commenced after its enactment date. Litigation challenging the Act on constitutional and other grounds is widely anticipated.