CRE Insider Blog
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Rules Impact Mortgagees Foreclosing In The Town Of Hempstead, Long Island, New York

By Mike Berey on December 15, 2016

 

Local Law 46-2016 was enacted by the Town Board of the Town of Hempstead to add Section 128-61.1 (“Foreclosures; Undertaking”) to the Town’s Code which requires a lender foreclosing a mortgage on vacant property improved by a single-family, a two-family or a multiple-family residence to provide the Town, within  forty-five calendar days from the...

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Topics: New York Morgagees Foreclosing

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