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Peril and Ambiguities in the New Foreclosure Statutes

While the new omnibus foreclosure law (L.2010, ch.73), effective Dec. 20, 2016, can be presented as needed protection for borrowers and citizens generally, it adds expense, delay and confusion for any foreclosing lender. The analysis herein highlights some of the questionable aspects of the new statute.

8 minute read September 01, 2016 at 11:37 AM
By
Bruce J. Bergman
Peril and Ambiguities in the New Foreclosure Statutes

While the new omnibus foreclosure law (L.2010, ch.73), effective Dec. 20, 2016, can be presented as needed protection for borrowers and citizens generally, it adds expense, delay and confusion for any foreclosing lender.

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