NEW YORK, NY – June 25, 2013 – (RealEstateRama) — Attorney General Eric T. Schneiderman announced that the New York State Legislature has passed the “Certificate of Merit” bill (A. 5582/S.4530A), which will help more New York families avoid foreclosure. The bill enacts common sense reforms to bring greater integrity to the foreclosure process and expedite homeowners’ participation in court-supervised mediation sessions where they can negotiate workable alternatives to foreclosure with their lender. This joint program bill was proposed by the Office of the Attorney General and the Office of Court Administration.
RealEstateRama A.G. & O.C.A. Foreclosure Relief Bill Overwhelmingly Passes NYS Legislature