Unfortunately, some families do not need to imagine this, because this nightmare is their reality. Too many of our neighbors have been victims of deed theft,
Imagine this: since the first day you were born, you have lived in the same home—a family home that has been passed down across generations, to your parents from your grandparents, and from your great-grandparents before that.
their homes stolen right from underneath them without their knowledge. But starting today, we finally have more tools to fight back. Today, a new law takes effect that will help us keep New Yorkers—you, your families, friends, and neighbors—in their homes. Over the years, as property values have soared in these neighborhoods, our homes have become gold mines and prime targets for fraudsters and con artists. Many of our neighbors bought their homes years ago, when times were different, and our neighborhoods were not advertised in real estate magazines or on social media feeds.
First, the law establishes deed theft as the crime that we know it to be: larceny. Before this, deed theft was incredibly difficult to prosecute criminally. With this change in the penal law, we can now ensure that the charges we bring against deed thieves really do fit the crime. Second, this new law changes the statute of limitations to prosecute deed theft crimes so that prosecution must begin within five years of the theft or within two years after the rightful homeowner realizes their deed has been stolen, whichever occurs later. Victims of deed theft often do not realize they have been robbed of their homes until years after the crime has been committed, which also means that it’s often too late to seek justice.
We must continue to educate our communities about the risks of deed theft, empower them with the tools they need to protect their homes, and ensure that every homeowner knows their rights and the resources available to them.
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