Reverse Mortgage Foreclosure defense Default
New legislation requires reverse mortgage defaults now have to receive a 90 day preforeclosure notice under the Real Property Actions and Proceedings Law Section 1304. The amendment to this law causes financial institutions to participate in mandatory settlement conferences with regard to working out alternatives to foreclosing on the home regarding reverse mortgages.
Year Established: 2000
Address: 93-17 86th Rd, Jamaica, NY 11421
Phone: (917) 775-9437