State Sen. Velmanette Montgomery (D-Fort Greene, Boerum Hill, Red Hook, Bedford-Stuyvesant, Sunset Park, Gowanus, Park Slope) and Assemblymember Helene Weinstein (D-Flatlands, Sheepshead Bay) yesterday saw Gov. Andrew Cuomo sign their “Deed Theft Bill” (S1688 – Montgomery/A5615 – Weinstein) into law.
This legislation provides greater protections for owners of homes that are in default or foreclosure. It also strengthens laws regulating distressed property “consultants” who provide services to prevent property loss. It will go into effect immediately.
“Passing the Deed Theft Bill is a major step forward in addressing one of the most pressing issues among homeowners, especially in communities of color. Thieves target our most vulnerable homeowners and snatch generations of wealth from our families. For everyone that thinks to call their elected officials or speak out, a dozen more do not know where to turn,” said Montgomery. “I thank the Governor for signing this legislation. It will have a tremendous impact on homeowners in my district and throughout New York State.”
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