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Expert Analysis

NY Law Alters Foreclosure Timeliness Framework Post-Engel

By Jeffrey Cohen, Christopher Gorman and Zachary Kuperman ( February 24, 2023, 5:31 PM EST) -- The Foreclosure Abuse and Prevention Act, which New York Gov. Kathy Hochul signed into law on Dec. 30, aims to overturn the New York Court of Appeals' 2021 decision in Freedom Mortgage Corp. v. Engel, and thereby prevent what the statute's sponsor has called the yo-yo effect of lenders' manipulation of the statute of limitations in mortgage foreclosure lawsuits. ...

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