NY orders lawyers: No shortcuts on foreclosures


New York courts are the first in the United States to require lawyers that represent lenders to sign an affirmation stating that they took reasonable steps to verify that all the accuracy of the underlying documents. Other states are expected to follow New York’s lead on this based on the recent revelations that lenders have hired “robo-signors” to confirm the accuracy of loan documents. Read more


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s