New York state Sen. Zellnor Myrie has introduced new legislation to impose consistent standards on foreclosure auction sales following a Gothamist and New York Focus investigation into widespread irregularities that can cost former homeowners thousands of dollars while boosting lenders’ profits.

The investigation, which was based on interviews and an independent review of thousands of state court records, found some lenders, their attorneys and court-appointed referees routinely used a disputed calculation method to increase debts owed by former homeowners following foreclosure sales. The method, which charges interest on top of interest, contradicts state court system guidance. Former homeowners allege in federal lawsuits that the practice also violates a state law prohibiting compound

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