Using the Judicial System to End the Foreclosure Crisis in New York

, New York Law Journal


In their Mortgage Litigation column, Adam Leitman Bailey and Jackie Halpern Weinstein of Adam Leitman Bailey, P.C. write: Many foreclosure actions are sitting stagnant for months, or even years, as a result of not only a reticent judiciary, but also the lenders' sloppy recordkeeping evidencing their standing to foreclose on a secured property. Practitioners must learn how to prove a lender's standing despite a lost note when possible, so that the foreclosures can be litigated on the merits, and the economy can start to fully rebound from the painful effects of the housing crisis.

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