Assembly Approves Measure to Expedite Residential Foreclosure Cases

Assembly Approves Measure to Expedite Residential Foreclosure Cases

New York, NY – June 14, 2012 – (RealEstateRama) — Assembly Speaker Sheldon Silver and Judiciary Committee Chair Helene Weinstein today announced the approval of legislation that would help homeowners facing foreclosure by ensuring that lenders bringing foreclosure cases have a legal right to do so. It will also resolve the growing “shadow docket” of cases which lenders refuse to advance while the cases accrue costs and fees.

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