Assembly Approves Landmark Foreclosure Fraud Prevention Act of 2012

New York, NY – June 22, 2012 – (RealEstateRama) — Assembly Speaker Sheldon Silver and Judiciary Committee Chair Helene Weinstein today announced the passage of the Foreclosure Fraud Prevention Act of 2012. This historic measure would protect New York’s working families from fraudulent business practices perpetrated during the foreclosure process, by instituting misdemeanor and felony-level penalties for those who intentionally engage in or tolerate such conduct