Clarifies when foreclosure actions are deemed abandoned, terminated, and final.

This bill amends the civil practice law and rules and the real property actions and proceedings law to clarify provisions governing when foreclosure actions are deemed abandoned for failure of a plaintiff to timely seek a default judgment. It also governs when foreclosure actions are deemed terminated for purposes of the savings clause permitting actions to be recommenced following termination of a prior action and be deemed timely. Additionally, it governs the finality of dismissed or discontinued residential foreclosure actions.

Clarifies when foreclosure actions are deemed abandoned, terminated, and final.

This bill amends the civil practice law and rules and the real property actions and proceedings law to clarify provisions governing when foreclosure actions are deemed abandoned for failure of a plaintiff to timely seek a default judgment. It also governs when foreclosure actions are deemed terminated for purposes of the savings clause permitting actions to be recommenced following termination of a prior action and be deemed timely. Additionally, it governs the finality of dismissed or discontinued residential foreclosure actions.