"subject to" v. Home Equity Theft Prevention Act

[Jon v.]

In New York can anyone tell me at what point the line is drawn where you would not be able to take a property "subject to" because it would fall under the guidelines of the Home Equity Theft Prevention Act?

[vug]

John   Just type  The home equity theft act of NY. Boom it pops up on google search it is for folks who are in forclosure. The state that they have 5 days to cancle any contract they sign and the bank must give the information by law to help them act..... You still can do a sub2 without any problems just one more form to fill out. dam forms

[Jon v.]

i spoke to my attorney about it yesterday too, he didnt seem to think there was a problem with the situation, home owner is 3 months behind but not in foreclosure yet.
Are you in NY vug?

[Dave T]

As of February 1, 2007, The Home Equity Theft Protection Act covers the sale of certain homes in foreclosure or default.

[vug]

John,

 Yes I'm from NY  Not proud of it.  I"m from Canandaigua near Rochester  By the lake