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FRAUDULENT MORTGAGE PAYOFF LETTERS
We have been hearing from Title Companies about an increase in the use of fraudulent mortgage payoff letters. As a consequence, many Title Agents are modifying their procedures for satisfying mortgages at closings such as requiring that the Title Agent receive payoff letters at least 24 hours prior to closing in order to have sufficient time to verify the authenticity of the payoff letter. Also needed to be verified is the telephone number for the payee bank, the address or wire instructions provided in the payoff letter so as to avoid payoff funds being sent to the fraudsters.
NOTICE DISCLOSING TENANTS’ RIGHTS TO REASONABLE ACCOMMODATIONS FOR PERSONS WITH DISABILITIES
Governor Andrew M. Cuomo today signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (“Act”). The Act (S.9114/A.11181) prevents residential evictions, foreclosure proceedings, credit discrimination and negative credit reporting related to the COVID-19 pandemic. It also extends the Senior Citizens' Homeowner Exemption and Disabled Homeowner Exemption from 2020 to 2021.
SUPREME COURT, NEW YORK COUNTY, IN A SUMMARY JUDGMENT MOTION, AWARDS A COMMERCIAL LANDLORD $1,680,454 IN UNPAID RENT, PLUS INTEREST AND LEGAL FEES, REJECTING TENANT’S DEFENSES OF FRUSTRATION OF PURPOSE AND IMPOSSIBILITY OF PERFORMANCE BASED UPON COVID-19
Governor Andrew M. Cuomo today signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (“Act”). The Act (S.9114/A.11181) prevents residential evictions, foreclosure proceedings, credit discrimination and negative credit reporting related to the COVID-19 pandemic. It also extends the Senior Citizens' Homeowner Exemption and Disabled Homeowner Exemption from 2020 to 2021.
THE COVID-19 Emergency Eviction and Foreclosure Prevention Act: PART A – Residential Evictions and Proceedings
The COVID-19 Emergency Eviction and Foreclosure Prevention Act (“Act”) is the toughest bill yet to block residential eviction proceedings. This Blog post will focus only on Part A of the Act which deals with Landlord/Tenant Eviction matters.
NEW YORK STATE LEGISLATION PLACES AN ADDITIONAL MORATORIUM ON COVID-RELATED RESIDENTIAL EVICTIONS AND FORECLOSURE PROCEEDINGS
Governor Andrew M. Cuomo today signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (“Act”). The Act (S.9114/A.11181) prevents residential evictions, foreclosure proceedings, credit discrimination and negative credit reporting related to the COVID-19 pandemic. It also extends the Senior Citizens' Homeowner Exemption and Disabled Homeowner Exemption from 2020 to 2021.
GOVERNOR CUOMO SIGNS NEW LAW SIMPLIFYING AND IMPROVING THE STATE’S POWER OF ATTORNEY FORM
This month Governor Cuomo signed a new law that simplifies and improves the state’s power of attorney form. A power of attorney is one of the most widely used legal documents, allowing people to transfer the power to manage their own affairs, especially when they may no longer be able to do so due to health issues or age, to someone else. Executing a power of attorney is an important estate planning tool which avoids the need for a time consuming and expensive guardianship proceeding if a person becomes incapacitated.
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