Governor Cuomo signs legislation enacting sweeping protections for homeowners (NY)

/ Owner - August 14, 2019

-Requiring Payment of Homeowners’ Association Fees (S.4182/A.1800)-  This measure requires banks or mortgage holders of vacant and abandoned residential properties to continue paying homeowners’ association fees or cooperative fees as needed to maintain a property when it has been abandoned during the foreclosure process. This will help to ensure properties do not become dilapidated before the foreclosure is finalized.

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