Ruben Diaz's posts related to Foreclosure

Senator Reverend Ruben Diaz Proposes Legislation to Protect Homeowners from Foreclosure

November 18, 2011

For Immediate Release

New York State Senator Reverend Ruben Diaz (D-Bronx) has drafted legislation to amend the State’s real property actions and proceedings law to impose stricter requirements on lenders, assignees and mortgage servers by requiring them to submit an affidavit to the court prior to commencing foreclosure proceedings, attesting under oath they own the property being foreclosed. Should they not be able to subsequently prove this during the foreclosure proceedings, they will be guilty of a class E felony. Recently enacted in Nevada, the foreclosure rates declined over 90%.

Senator Diaz, a Member of the New York State Senate Housing Committee and Banking Committee stated:

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