NY to Hold Lawyers Accountable on Foreclosures

New York State Thruway shield
Image via Wikipedia

The move comes amid an uproar over accusations that mortgage lenders nationwide cut corners on paperwork and legal procedure as they moved to seize millions of homes. It follows a slew of other state efforts to challenge the foreclosure debacle.

In New York, attorneys there already have an obligation to ensure that the documents they present to the court are valid, but New York Chief Judge Jonathan Lippman said having them sign something affirming that all papers got a proper review will hold them accountable like never before.

Read the rest of the article here.

Enhanced by Zemanta
Advertisements