NY Chief Judge Announces Statewide Program Intended To Facilitate Early Negotiations, Settlements For Homeowners In Foreclosure

The New York Law Journal reports:

• [New York Court of Appeals] Chief Judge Judith S. Kaye responded [yesterday] to the dramatic rise in residential foreclosure filings throughout New York by announcing a new statewide program intended to educate homeowners and facilitate early negotiations and settlements. The Residential Foreclosure Program will begin with a trial run this summer in Queens, the epicenter of the state's foreclosure crisis, and spread to the rest of the state's courts this fall. The key components of the plan will be notifying parties as soon as practicable of community resources, holding early conferences before a hearing officer to develop a settlement or case management plan and hiring dedicated, specialized court personnel.

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• The Residential Foreclosure Program will be a multi-pronged approach at attempting to better educate homeowners while also facilitating discussions and negotiations that can speed and ease the complex foreclosure process.

For more, see Chief Judge Unveils Program to Deal With Dramatic Rise in Foreclosures.

See also, The New York Times: New York Court Offers Home Foreclosure Help.

Go here for a formal description of the plan.