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Real Estate Law News
5/8/2008 7:28:25 AM EST
New York 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 . . . .
 
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