New York Courts To Require Plaintiff Counsel To Verify Accuracy Of Foreclosure Docs
From Reuters via RanSquawk:
NY courts to require Plaintiff's counsel in foreclosure actions to affirm that it took reasonable steps to verify accuracy of underlying documents
And how was this not a requirement before? Did plaintiff lawyers never have an affirmative obligation to verify what the hell they were serving? What a complete circus.
And as Bank of America disclosed previously, the average length of time before a home in New York State enters foreclosure is 792 days. In other words, those who stopped paying their mortgage before Lehman filed will likely be able to get away with rent free living for a few more years.