Senator Velmanette Montgomery (D-Fort Greene, Boerum Hill, Red Hook, Bedford-Stuyvesant, Sunset Park, Gowanus, Park Slope), Central Brooklyn’s leading lawmaker in advocating for residents who have lost their property both through deed theft and the city’s Third Party Transfer program, announced today that her “Deed Theft Bill” (S1688) passed the Senate and now awaits the Governor’s signature.
Assemblymember Helene Weinstein (D-Sheepshead Bay, Flatlands, East Flatbush, Midwood, Canarsie) sponsored the measure on the assembly side of the legislature.
This legislation would strengthen and expand upon the Home Equity Theft Act of 2006 (“HETPA”) by providing greater protections for owners of homes that are either in default or in foreclosure. It also strengthens laws regulating distressed property “consultants” who provide services to prevent property loss.
“Passing the Deed Theft Bill is a major step forward in addressing one of the most pressing issues among homeowners. These 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, I know there are a dozen more who do not know where to turn,” said Montgomery. “I am so thankful for the support of my colleagues and the tremendous work that the advocates have put in to get this done.”
To read the full story, visit https://www.kingscountypolitics.com/montgomery-weinstein-deed-theft-bill-passes-legislature-awaits-govs-signature/