New Restrictive Loss Mitigation Rules Coming to Eastern District of New York Bankruptcy Court
If you own a home in Brooklyn, Queens or Staten Island and you are behind on your mortgage, please read this blog post carefully. The Chief Judge of the Eastern District of New York Bankruptcy Court - which covers Brooklyn, Queens and Staten Island - is adopting a new rule effective July 1. Instead of simply submitting an application to the court to enter the court's loss mitigation program, your attorney will now have to file a motion explaining why you fell behind on your m