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

  • Information about certain loan mod programs which might be offered to property owners;
  • Help with exactly just how home owners can register complaints using the Department to ensure situations of mortgage or lender servicer abuses, such as for instance predatory financing techniques, could be examined.
  • U.S. Housing and Urban developing (HUD) authorized housing counselors will be available also.

    The property foreclosure prevention professionals will talk with home owners in the Department’s Cellphone Command Center, a 36-foot vehicle that is long. Property owners should bring from lenders or mortgage servicers with them any documents relevant to their individual situations, such as records of mortgage payments or letters to them.

    Property owners could also register complaints making use of the Department website, www.dfs.gov that is.ny. Additionally, information could be acquired by calling the Department’s toll-free 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 home owners to be skeptical of home loan rescue frauds, which might be marketed by personal companies.

    Watch out for anybody who requests a fee that is upfront exchange to get you that loan mod, saving your house from standard or stopping a property property property foreclosure or income tax purchase. Nyc legislation forbids the number of such costs in many situations. Additionally, numerous housing that is not-for-profit can help you negotiate along with your loan provider free of charge.

    Avoid anybody who states they could keep your house in the event that you signal or move the deed to your dwelling up to them in order to get up on your own mortgage repayments or refinance your loan. Never ever submit your home loan repayments to anybody except that your home loan business without its approval.

    The Department is giving property foreclosure prevention experts to aid home owners at internet web web sites over the state, especially where you can find high levels of property owners in or prone to property foreclosure. The Department’s foreclosure avoidance effort premiered in February and contains checked out significantly more than a dozen websites when you look at the state as an element of its outreach effort.

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

    Contact: Ron Klug, 518-486-6976

    CUOMO ADMINISTRATION PROGRAM TO STEM FORECLOSURES TO SIMPLY HELP 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 Services, today announced that Department of Financial solutions home loan property foreclosure prevention experts will undoubtedly be accessible to offer help Buffalo area home owners who will be currently in property foreclosure or vulnerable to foreclosure from 10 a.m. to 6 p.m., Monday, June 4 in Buffalo.

    The Department’s foreclosure avoidance experts would be open to speak to home owners when you look at the agency’s Cellphone Command Center, which is found at the offices of Belmont Housing Resources for WNY, 1195 principal St. in Buffalo.

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

    Earlier in the day this 12 months, Governor Cuomo developed the Foreclosure Relief device within the actual Estate Finance Unit of DFS.

    Senator Mark Grisanti said: “a lot of New Yorkers have lost their domiciles as a consequence of the recession and quite a few continue to be susceptible to property foreclosure. It is important for property owners to look for becausesistance because quickly as possible when they’re in economic difficulty. We appreciate the Department’s efforts to create make it possible to homeowners that are struggling the Buffalo area.”

    Assemblywoman Crystal D. Peoples-Stokes said: “It is regrettable that the housing property property foreclosure crisis has greatly affected cities that are major the nation. Into the Buffalo area, we’ve seen our housing stock decrease in modern times, and several home owners are now foreclosure that is facing. No body would like to see someone lose their house, specially when there is hope. I will be happy that residents could possibly get some support in whatever stage they truly are in. I will be calling all home owners who’re looking for help or have concerns to go to this occasion, get responses and obtain the best assistance today.”

    Sandra Becker, Senior Housing tools Manager, Belmont Housing Resources for WNY, stated: “Agencies like Belmont Housing Resources, which provide property foreclosure prevention support, appreciate the state’s efforts to keep the limelight regarding the foreclosure crisis and the option of solutions for homeowners who require assistance. It really is important to achieve New Yorkers nevertheless in need.”

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

    • Information regarding particular loan mod programs which might be offered to property owners;
    • Assistance with exactly exactly exactly how home owners can register complaints with all the Department to ensure that instances of loan provider or home loan servicer abuses, such as for example predatory financing techniques, is investigated.

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

    The property property property foreclosure prevention professionals will talk with property owners in the Department’s mobile phone Command Center, a 36-foot vehicle that is long. Home owners should bring from lenders or mortgage servicers with them any documents relevant to their individual situations, such as records of mortgage payments or letters to them.

    Property owners might also register complaints utilising the Department web site, www.dfs.ny.gov. Additionally, information could be acquired by calling the Department’s toll-free 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, which might be marketed by private organizations.