Adam Leitman Bailey, P.C. Assists With The 2015-2016 American College of Mortgage Attorneys (ACMA) Mortgage Law Summary 2015 – 2016
Adam Leitman Bailey and another attorney assisted in drafting the New York portion of the 2015 – 2016 Mortgage Law Summary. Mr. Bailey and anther attorney worked on sections dealing with deficiencies, foreclosure litigation, required pre-foreclosures notices, and notice requirements when foreclosing on tenants.
ACMA’s Mortgage Law Summary is an essential tool for anyone engaging in mortgage transactions in states or provinces beyond the borders where their primary place of business is located. Published every two years, the publication provides a summary of current state and provincial laws on topics such as forms of security instrument used, recording requirements, statutes to be waived, usual treatment of standard provisions, future advances, usury, guaranties, foreclosures, statutes of limitation, requirements for releases of lien, mortgage, documentary and transfer taxes, homestead issues, choice of law, receivership, labor and materialmen’s liens and title insurance.