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We have been asked this question many times by renters recently, “I have been paying my landlord on time and just found out the property I rent is in foreclosure. Will I be evicted or be able to stay?” Prior to President Obama signing the "Protecting Tenants at Foreclosure Act of 2009," most renters lost their leases upon foreclosure. This new law protects tenants from... Read More
Richard Rubin is senior partner in the law firm of Rubin & Licatesi, P.C. As an expert Long Island foreclosure lawyer, Rubin highlights several recent court cases as proof that the tide of court-sponsored interventions favoring foreclosure defendants is starting to grow. In HSBC Bank vs. Cayo, the courts allowed the defendants to file a late answer to the suit several years after it was... Read More
Richard Rubin, senior partner in the lawfirm of Rubin & Licatesi, P.C., comments on the recent round of lawsuits of lenders by investment companies which is the latest chapter in the ongoing mortgage crisis. He explains how the “big boys” are not accepting the lenders’ attitude of “you should have known better” when the investors purchased approximately $1 trillion in at-risk mortgage backed securities which promptly failed.
Rubin,... Read More
Many homeowners unacquainted with the law in general and foreclosure procedures in particular often make mistakes when mortgage actions are pending. Richard Rubin, senior partner at the law firm of Rubin and Licatesi details some of the common mistakes homeowners make in trying to deal with foreclosure and lender tactics.
Often, homeowners ignore the “blue booklets” filed by lenders. Rubin says, “Many don’t even take a glance at these blue covered booklets,... Read More
