New York courts put the kibosh on foreclosures

For lenders looking to foreclose on New York properties, the message from the courts is: look elsewhere. New guidance issued by New York Chief Administrative Judge Lawrence Marks states that no foreclosures can proceed for the time being unless the property is empty or abandoned. His memo also encouraged lenders to drop pending cases. “No motions other than to discontinue a pending case shall be entertained or decided,” Marks wrote. “No judgment of foreclosure may

source https://therealdeal.com/2020/06/25/new-york-courts-put-the-kibosh-on-foreclosures/