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Bills to combat deed theft and predatory practices
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Speaker Adrienne E. Adams introduces two bills aimed at combating deed theft and predatory practices in real estate. These bills stem from the 2024 State of the City address and focus on improving notification systems for property-related transactions.
- Introduction 889-A: Requires the Department of Finance to notify interested parties and local council members about the recording of certain real estate instruments, especially for properties held by the same party for 30 years.
- Introduction 1086-A: Mandates the Department of Finance to notify interested parties by email, text message, and postal mail when a deed or mortgage-related document has been recorded for a property within 30 days or less.
Adrienne E. Adams
0:25:14
Next, we will vote on a pair of bills to combat deed theft and its predatory practices that stem from my 2024 state of the city.
0:25:23
Introduction eight eighty nine a sponsored by council member Crystal Hudson would require that the system maintained by the Department of Finance provide notification to interested parties of the recording of certain real estate instruments also notify the local council member it affects a property that has been held by the same party for thirty years.
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Introduction ten eighty six a sponsored by council member Nantasha Williams would require the DOF to notify interested parties by email, text message, and postal mail when a deed or mortgage related document has been recorded for the property in thirty days or less.