Legal News

N.Y. changes rules for filing foreclosures

By (Breaking Legal News)

New York state courts will require lawyers in residential foreclosure actions to certify they have taken ?reasonable? steps to verify the accuracy of documents submitted to the court.

The new rule, released in a statement by the New York state Unified Court System, is effective immediately.

Chief Judge Jonathan Lippman introduced the requirement in response to disclosures of deficiencies in residential foreclosure filings nationwide, including notarization and ?robo-signing? and affidavits that falsely state the signer has knowledge of the facts, the statement said.

?We cannot allow the courts in New York State to stand by idly and be party to what we now know is a deeply flawed process, especially when that process involves basic human needs -- such as a family home -- during this period of economic crisis,? Lippman said in the statement.

Full post as published by Breaking Legal News on October 20, 2010 (boomark / email).