Anyone in New York state still wholesaling or buying houses in foreclosure, with the new Home Equity Theft Prevention Act? It gives the seller the right to come back and re-claim the property up to two years later, and has stiff penalties for incorrectly contacting those in foreclosure.
I just read the document put out by the NY State Banking Department. I’m no lawyer, but from what I gather, it only pertains to foreclosures in which a “buy-back” agreement is in the sales contract. Here is the link to the document: