Judge Jonathan Lippman

Why New York Foreclosures Are Grinding to a Halt

On Oct. 20, the state's chief judge ended robo-signing by requiring a special affirmation from the banks' attorneys. The now must swear that they know the banks' documents are true because they checked the paperwork. The result: nearly empty courtrooms statewide.

What's the New York State of Mind for Foreclosures Now?

Now that N.Y. Chief Judge Jonathan Lippman has considerably tightened the state's foreclosure rules, his effort to eliminate robo-signing has greatly raised the stakes for the banks' attorneys. But what will the practical impacts be?