The Foreclosure Abuse Prevention Act was recently passed by the state legislature and signed by the governor. This law adds additional protections to mortgagors with respect to the six-year statute of limitations and with respect to situations in which a foreclosing plaintiff commences a second foreclosure action while a first action is still pending. There are many technical nuances to the law. Below is a link to the new law and if you believe that your case may be affected by the new law, you should contact an experienced foreclosure attorney to guide you.
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Arnold M. Bottalico is an experienced Long Island, NY foreclosure attorney with over 25 years of experience, and he welcomes your questions and comments.