New York Zombie Foreclosures
Tuesday, December 19, 2017
1 p.m. - 2:30 p.m. EST
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Lenders and Servicers beware. Know your obligations regarding Zombie Properties.
Due to the public policy concerns regarding 'Zombie Properties,' the New York legislature enacted new statutory requirements on lenders and servicers of defaulted mortgages on vacant and abandoned residential properties. These requirements include but are not limited to the inspection and maintenance of these properties during the delinquency of the loan. This material will fully familiarize you with these obligations which also include new reporting requirements to the New York State Department of Financial Services. It will include practical considerations with respect to the nature of the maintenance requirements and procedures necessary to ensure compliance with these new statutory obligations.
Michelle Shepherd, firstname.lastname@example.org