The "Deed Theft Bill" addresses these issues by: 1. Prohibiting abusive and deceptive behaviors such as pretending to be law enforcement or government representatives, taking temporary ownership of a deed, or engaging in harassment of the homeowner or the homeowner's family 2. Eliminating the requirement that a homeowner post a bond in order to file a lawsuit to stop a deed transfer. 3. Prohibiting loan modification consultants from requiring upfront fees for services. 4. Extending the amount of time a homeowner has to rescind transactions with distressed property consultants from 5 days to 14 days. 5. Providing a clear legal path to restore the title of a property when there has been a criminal conviction based on fraudulent actions concerning a property transfer. "Passing the Deed Theft Bill is a major step forward in addressing one of the most pressing issues among homeowners, especially in communities of color. Thieves target our most vulnerable homeowners and snatch generations of wealth from our families. For every one that thinks to call their elected officials or speak out, a dozen more do not know where to turn,” said State Senator Velmanette Montgomery.I thank the Governor for signing this legislation. It will have a tremendous impact on homeowners in my district and throughout New York State." “The bill has a simple point. A District Attorney can bring an action and find fraud, but there's not been a way to get the homeowner's home back. This allows the DA to get into court and have the illegal deed thrown out, and have the house restored to the owner. As it stands now there's no simple way to get it back,” said Assemblymember Helene Weinstein.While it's clearly good to lock somebody up, this voids the illegal transfer and allows the owner to get their home back.” #deedtheft #illegal #bill #law #homeowners #deedtheifbill #senatorvelmanettemontgomery @brownstonersbedstuyhousetour https://www.instagram.com/p/B72o75hJohO/?igshid=9hwm20iv37l













