DFS ANNOUNCES PAYMENT WITH PAYDAY DEBT COLLECTOR AND PAY DAY LOAN SERVICER LEADING TO ALMOST $12 MILLION OF LOAN FORGIVENESS FOR A HUGE NUMBER OF NEW YORK CONSUMERS

Property owners could also register complaints utilising the Department internet site, www.dfs.gov that is.ny. Additionally, information might be acquired by calling the Department’s toll-free property property property property foreclosure hotline, 1-800-269-0990 or 518-457-1654, from 8:30 a.m. to 4:30 p.m., Monday through Friday.

DFS urged property owners to be skeptical of home loan rescue frauds, which can be marketed by private companies.

Watch out for anybody who requests a fee that is upfront change so you can get you that loan mod, saving your property from standard or stopping a property property property property foreclosure or income income income tax purchase. Nyc law forbids the assortment of such costs generally in most instances. Additionally, numerous not-for-profit housing counselors will allow you to negotiate together with your loan provider 100% free.

Avoid anybody who claims they are able to keep your house in the event that you signal or move the deed to your residence up to them to help you get caught up on the mortgage repayments or refinance your loan. Never ever submit your mortgage repayments to anybody apart from your home loan business without its approval.

The Department is giving property foreclosure prevention experts to aid home owners at web web sites over the state, especially where you will find high levels of property owners in or prone to property property foreclosure. The Department’s property property property foreclosure avoidance effort was released in February and it has checked out significantly more than a dozen websites into the state included in its outreach work.

News Release – 01, 2012: Cuomo Administration Program To Stem Foreclosures To Help Homeowners In Buffalo june

Contact: Ron Klug, 518-486-6976

CUOMO MANAGEMENT PROGRAM TO STEM FORECLOSURES TO ASSIST HOMEOWNERS IN BUFFALO

Department of Financial Services Foreclosure Prevention experts offered to Meet Homeowners at Belmont Housing Resources, 1195 principal St., Buffalo, 10 a.m. to 6 p.m., Monday, June 4

Media Availability at 10:45 a.m.

Governor Andrew M. Cuomo and Benjamin M. Lawsky, Superintendent of Financial solutions, announced that Department of Financial Services mortgage foreclosure prevention specialists will be available to offer help to Buffalo area homeowners who are already in foreclosure or at risk of foreclosure from 10 a.m. to 6 p.m., Monday, June 4 in Buffalo today.

The Department’s property foreclosure avoidance experts should be offered to talk with property owners into the agency’s mobile phone Command Center, which is found in the working workplaces of Belmont Housing Resources for WNY, 1195 principal St. in Buffalo.

Governor Cuomo said “It is vital that people offer just as much assistance that you can to homeowners that are financially-troubled. The target would be to offer help that is direct homeowners and obtain the phrase off to other people so it’s essential to inquire of for assistance as soon as possible. The longer a home owner waits, the harder it may possibly be to save lots of a true house.”

Previously this Governor Cuomo created the Foreclosure Relief Unit within the Real Estate Finance Unit of DFS year.

Senator Mark Grisanti stated: “a lot of New Yorkers have forfeit their domiciles because of the recession and quite a few continue to be vulnerable to property property property property foreclosure. It is important for property owners to look for assistance as quickly as feasible if they are in economic difficulty. We appreciate the Department’s efforts to create assist to struggling property owners in the Buffalo area.”

Assemblywoman Crystal D. Peoples-Stokes said: “It is regrettable that the housing property foreclosure crisis has greatly affected major urban centers across the nation. Within the Buffalo area, we now have seen our housing stock decrease in the past few years, and several property owners are actually foreclosure that is facing. Nobody would like to see someone lose their property, specially when there is hope. I will be happy that residents will get some support in whatever period they truly are in. I will be calling all property owners who’re looking for help or have concerns to go to this occasion, get responses to get just the right assistance today.”

Sandra Becker, Senior Housing products Manager, Belmont Housing Resources for WNY, stated: “Agencies like Belmont Housing Resources, which offer property property foreclosure prevention help, appreciate the state’s efforts keeping in mind the limelight regarding the crisis that is foreclosure the accessibility to solutions for homeowners who require assistance. It really is important to achieve New Yorkers nevertheless in need.”

The Department’s property foreclosure avoidance professionals will speak to home owners to evaluate where these are typically into the pre-foreclosure or foreclosure procedure. They will provide:

• Details about certain loan mod programs which might be accessible to property owners;
• Assistance with just exactly exactly how property owners can register complaints with all the Department to make certain that situations of mortgage or lender servicer abuses, such as for example predatory financing practices, may be examined.

U.S. Housing and Urban developing (HUD) authorized housing counselors will additionally be available.

The property property foreclosure prevention experts will speak to home owners within the Department’s Cellphone Command Center, a 36-foot vehicle that is long. Property owners should bring using them any papers strongly related their specific circumstances, such as for example documents of mortgage repayments or letters for them from loan providers or home loan servicers.

Property owners could also register complaints utilising the Department web site, www.dfs.gov that is.ny. Additionally, information could be acquired by calling the Department’s toll-free property property property property foreclosure hotline, 1-800-269-0990 or 518-457-1654, from 8:30 a.m. to 4:30 p.m., through Friday monday.

DFS urged property owners to keep clear of home loan rescue frauds, that might be marketed by personal organizations.

Watch out for anybody who requests a fee that is upfront change to get you a mortgage loan modification, saving your house from standard or stopping a property property property property foreclosure or income income income tax purchase. Ny legislation forbids the assortment of such charges more often than not. Additionally, numerous housing that is not-for-profit will allow you to negotiate along with your loan provider free of charge.