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Servicers Face New Requirements on NY Vacant REOs

Publisher: Mortgage Daily
October 10, 2016
Day Pitney Author(s) Alfred W. J. Marks Christina A. Livorsi

Alfred Marks, Christina Parlapiano and Jennifer Neuner wrote an article, "Servicers Face New Requirements on NY Vacant REOs," for Mortgage Daily. The article is about recent legislation signed into law by Gov. Andrew Cuomo to combat 'zombie' properties. The New York Abandoned Property Neighborhood Relief Act of 2016 imposes significant new duties on mortgagees or their servicing agents to inspect, identify and maintain abandoned properties secured by a delinquent mortgage. The regulation is meant to help establish a statewide database of abandoned properties to be maintained by the New York Department of Financial Services.

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Christopher Droney was quoted in the Connecticut Law Tribune article, "Gov. Lamont Names Nora Dannehy as His General Counsel," discussing former Day Pitney Attorney Nora Dannehy being named by CT Gov. Lamont as his General Counsel.
Related Professionals
Marks, Alfred
Alfred W. J. Marks
New York, NY
T: (212) 297 2445
Christina Livorsi
Christina A. Livorsi
Parsippany, NJ
T: (973) 966 8229
New Jersey Hartford Stamford Greenwich New Haven West Hartford Boston
New York Washington, DC Boca Raton Delray Beach Miami West Palm Beach

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This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.