The New York Foreclosure Conference Status Form is an official document that is used by lenders and banks to keep track of information related to a borrower’s foreclosure case. It is typically used in cases where a borrower is in danger of defaulting on their home loan. The form records the details of the foreclosure conference, including the date, time, and location of the meeting, the names and contact information of the participants, the status of the foreclosure, and any agreements that were made. It also requires the borrower to provide information about their finances, including income, assets, and debts. The form is used to ensure that all parties involved in the foreclosure process are aware of the status of the case and the progress that is being made. There are two types of New York Foreclosure Conference Status Form: the Bankruptcy Foreclosure Conference Status Form and the Non-Bankruptcy Foreclosure Conference Status Form. The Bankruptcy Foreclosure Conference Status Form is used when a borrower has filed for bankruptcy protection and the Non-Bankruptcy Foreclosure Conference Status Form is used when a borrower is not under the protection of bankruptcy.
New York Foreclosure Conference Status Form
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FAQ
An Order of Reference is a motion filed in a New York Mortgage Foreclosure action along with a request for a default judgment. Among other requested forms of relief the Order of Reference (aka OOR or OREF) formally asks the Court to appoint a Referee to determine the amount due on the mortgaged premises.
Lender asks court for a judgment on default and to appoint a Referee to decide the amount you owe and write a report. Lender asks court to accept the Referee's findings. Judge orders sale of your home. Lender and Referee choose date for auction at the courthouse.
Ing to the New York State Department of Financial Services, an average foreclosure case takes about 445 days to be concluded in New York, with some taking much longer depending on the court in which the case was filed.
The ?statute of limitations? in the State of New York for foreclosure actions, per CPLR 213(4), is a six (6) year statute of limitations that measures the time period starting from the lender's ?acceleration? of the mortgage by an overt and unequivocal act, until the lender actually commences a foreclosure action.
If there is a verification you should make a verified Answer. You do this by signing the Answer in front of a notary public. If you got an E-filing Notice with the court papers, this mean that you can serve and file your Answer over the internet using NYSCEF, the New York State Courts Electronic Filing system.
You can either answer the summons in writing or in person. If you answer in person, you must go to the courthouse clerk's office and tell the clerk about your defenses to the plaintiff's claims. The clerk will check off the boxes in a Consumer Credit Transaction Answer In Person form.
After the Judge signs a judgment of foreclosure and sale, your home will be sold by the Referee at an auction sale at the courthouse to the highest bidder. The plaintiff puts a notice about the auction in a newspaper at least 30 days before the auction date.
The written response must be made within 20 days of personal service, or within 30 days of the time when service by any other means is complete. If the defendant fails to respond he or she is in default and plaintiff may be able to obtain a default judgment against the defendant.