Bankruptcy Law News
5/8/2008 9:30:40 AM EST
NY Assembly Approves 1-Year Delay In Foreclosures
ALBANY, N.Y. – (AP) The state Assembly passed legislation Wednesday to impose a one-year delay on foreclosures when New York homeowners default on mortgage payments, while the Senate was poised to consider a related measure backed by Gov. David Paterson.
Both are meant to limit the impact here of the national crisis in subprime lending. Full version (available to lexis.com subscribers)
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