New York A04377 amends the real property actions and proceedings law to prevent landlords in mortgage foreclosure from entering foreclosure until a.
New York A04377 amends the real property actions and proceedings law to ensure that landlords facing mortgage foreclosure due to loss of rent payments cannot proceed with foreclosure until a court handling a special proceeding to recover rent resolves any rent issues. The court must track all loss of rent payment cases and subsequent foreclosure cases. Additionally, if a lessee is removed from real property due to foreclosure, the court records relating to the lessee shall be sealed and deemed confidential, prohibiting any disclosure or use of such information.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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