{"id":1027,"date":"2010-10-21T09:32:49","date_gmt":"2010-10-21T13:32:49","guid":{"rendered":"https:\/\/nybankruptcy.net\/main\/?p=1027"},"modified":"2018-11-22T13:10:10","modified_gmt":"2018-11-22T13:10:10","slug":"new-new-york-foreclosure-rule-bank-lawyers-must-take-responsibility","status":"publish","type":"post","link":"https:\/\/nybankruptcy.net\/main\/new-new-york-foreclosure-rule-bank-lawyers-must-take-responsibility\/","title":{"rendered":"New New York Foreclosure Rule: Bank lawyers must take responsibility"},"content":{"rendered":"

\"\"<\/a>\u00a0New York foreclosure regulation just got a little stricter.\u00a0 And that’s not a bad thing.<\/p>\n

A new rule set forth by the New York Courts<\/a> requires lawyers who assist banks with foreclosures to submit a signed statement attesting that they took reasonable steps to confirm the accuracy of the underlying documents.\u00a0 This essentially shifts some of the liability for any mistakes to the lawyers.\u00a0 It’s an attempt by the New York Courts to deal with the “robo-signing” problem on the front end rather than the back end.\u00a0 And it views the lawyers as gatekeepers on the process.<\/p>\n

Of course, the lawyers representing banks and mortgage lenders may not appreciate this new rule.\u00a0 But given all that’s happened as well as the role of some law firms in contributing to the foreclosure scandal, it’s going to be hard for those lawyers to convince the rest of us that such a rule is not needed.<\/p>\n

Hopefully this new rule will be the first step in helping to restore integrity to the legal processes involved in foreclosure.\u00a0 Because if no one trusts the system, then the wheels start to come off.\u00a0 Of course, this also doesn’t resolve the problem either.\u00a0 The rule will not be applied retroactively.\u00a0 There’s still a lot of mess to sort out.\u00a0 And more and more parties are sticking their nose into the issue, including State Attorneys General in nearly every state, the White House, the Department of Justice and the banks’ bondholders among others.<\/p>\n

If you\u2019re dealing with New York foreclosure issues and have questions about how the current foreclosure situation might affect you, please feel free to contact me for a free initial consultation.<\/p>\n

Contact Bruce Weiner, Esq.<\/a><\/h2>\n

EMAIL Bruce Weiner<\/a><\/strong>
\nPhone<\/strong>
\n(718) 855-6840 (Local)
\n(866) 402-8476 (Toll Free)
\nFax<\/strong> (718) 625-1966<\/p>\n

Go to\u00a0<\/strong>Brooklyn NY foreclosure attorneys<\/a><\/strong>\u00a0<\/span><\/em>t<\/em>o learn more about Rosenberg Musso & Weiner LLP<\/strong><\/a> and\/or to set up a free consultation.<\/em><\/p>\n

<\/center><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0New York foreclosure regulation just got a little stricter.\u00a0 And that’s not a bad thing. A new rule set forth by the New York Courts requires lawyers who assist banks with foreclosures to submit a signed statement attesting that they took reasonable steps to confirm the accuracy of the underlying documents.\u00a0 This essentially shifts some …<\/p>\n

New New York Foreclosure Rule: Bank lawyers must take responsibility<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[10],"tags":[],"acf":[],"yoast_head":"\nNew New York Foreclosure Rule: Bank lawyers must take responsibility<\/title>\n<meta name=\"description\" content=\"\u00a0New York foreclosure regulation just got a little stricter.\u00a0 And that's not a bad thing. 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