no more passing the buck

NY To Require That Banks Send Decision-Makers, Not Mouthpieces, To Foreclosure Proceedings

Like many states that are trying to both expedite judicial review of foreclosures and keep as many people in their homes as possible, New York has enacted new measures, like requiring that bank lawyers verify foreclosure paperwork and that all homeowners receive legal assistance. But a big problem keeps coming up that continues to cause delays — no one in the room actually has the authority to change a loan agreement. [More]