The good news for borrowers is
that banks have only a certain amount of time to foreclose in New York (six
years). The bad news? Seems bankers and their attorneys may have figured out a
way to extend this time. What can bankers do? They can simply "take
back" or revoke their request to have the borrower pay the entire loan in
full (acceleration of the loan) by sending a letter to the borrower stating
just that.
The full article can be found here: http://www.newyorklawjournal.com
Spending a greater amount of your paycheck every month on your home loan is one method for paying off your home loan speedier. this contact form
ReplyDeleteIt sounds like this is still a work in progress but changes are supposed to be set up in January. www.loanyantra.com
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