New York State Senator Jeff Klein is one of several lawmakers supporting New York State Senate Bill 7028, a piece of legislation that would require the “winning party” in a foreclosure action to ensure a home is cared for properly, especially if a local neighborhood homeowners’ association requires that specific maintenance measures occur.
Senate Bill 7028 specifically says, “Where a final judgment for the holder of a mortgage has been rendered in an action to recover any part of the mortgaged debt, it shall be the duty of the prevailing party to enter into control and possession of the foreclosed property and to maintain it in a safe and habitable condition until said premises are sold.”
Kerri Panchuk | 06.03.08