Prevents landlords in mortgage foreclosure from entering foreclosure until rent issues are resolved.
New York S00125 amends the real property actions and proceedings law to ensure landlords facing mortgage foreclosure due to lost rent payments cannot proceed with foreclosure until a special court proceeding to recover rent resolves any related issues. The court must track all cases of lost rent payments and subsequent foreclosures. This measure aims to protect tenants and address rent-related issues before foreclosure actions are finalized.
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