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

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

Home owners could also register complaints utilising the Department internet site, www.dfs.ny.gov. Additionally, information might be acquired by calling the Department’s toll-free 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 keep clear of home loan rescue frauds, which can be marketed by personal organizations.

Watch out for whoever requests an upfront charge in change to get you that mortgage loan modification, saving your property from standard or stopping a property property foreclosure or income income tax purchase. Nyc legislation forbids the number of such charges in many situations. Additionally, numerous not-for-profit housing counselors can help you negotiate along with your lender at no cost.

Watch out for anybody who states they are able to keep your house so you can catch up on your mortgage payments or refinance your loan if you sign or transfer the deed to your house over to them. Never ever submit your home loan repayments to anybody apart from your home loan business without its approval.

The Department is giving property foreclosure prevention professionals to help property owners at web web web web web sites throughout the state, especially where you will find high levels of property owners in or prone to property property property foreclosure. The Department’s property property property foreclosure avoidance effort premiered in February and it has checked out significantly more than a dozen internet sites into the state as an element of its outreach work.

Pr 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 GREATLY HELP HOMEOWNERS IN BUFFALO

Department of Financial Services Foreclosure Prevention professionals accessible to Meet Homeowners at Belmont Housing Resources, 1195 Main 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, today announced that Department of Financial solutions home loan property foreclosure prevention experts will soon be open to offer assist to Buffalo area home owners who will be already in property foreclosure or vulnerable to property foreclosure from 10 a.m. to 6 p.m., Monday, June 4 in Buffalo.

The Department’s property property property property property foreclosure avoidance professionals is offered to talk with home owners into the agency’s payday loans Nevada mobile phone Command Center, that will be positioned in the workplaces of Belmont Housing Resources for WNY, 1195 principal St. in Buffalo.

Governor Cuomo said “It is really important that individuals offer the maximum amount of assistance that you can to homeowners that are financially-troubled. The target is always to offer direct assist to homeowners and acquire the phrase out to other people so it’s essential to inquire of for help as soon as possible. The longer a home owner waits, the harder it may possibly be to truly save a true house.”

Early in the day 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 lost their domiciles because of the recession and quite a few will always be vulnerable to property property foreclosure. It is necessary 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 home owners in the Buffalo area.”

Assemblywoman Crystal D. Peoples-Stokes said: “It is regrettable that the housing property property property property foreclosure crisis has greatly affected major towns across the united states. Into the Buffalo area, we now have seen our housing stock decrease in modern times, and lots of property owners are now actually dealing with property foreclosure. No body really wants to see someone lose their house, specially when there is hope. I’m happy that residents could possibly get some help in whatever stage they have been in. I will be calling all home owners that are looking for help or have concerns to go to this occasion, get responses and acquire the proper assistance today.”

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

The Department’s property property foreclosure avoidance experts will speak to home owners to evaluate where they have been into the pre-foreclosure or foreclosure procedure. They shall provide:

  • Details about certain loan mod programs that might be offered to property owners;
  • Help with just exactly how home owners can register complaints aided by the Department to make certain that situations of loan provider or home loan servicer abuses, such as for example predatory financing methods, could be examined.

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

The property property foreclosure prevention experts will talk with property owners within the Department’s mobile phone Command Center, a 36-foot long automobile. 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.

Home owners might also register complaints utilizing the Department web site, www.dfs.ny.gov. Additionally, information can be acquired by calling the Department’s toll-free 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 home owners to be skeptical of home loan rescue frauds, that might be marketed by personal companies.

Watch out for anybody who wants an upfront charge in trade to get you a loan mod, saving your house from standard or stopping a property property foreclosure or income income tax purchase. Ny legislation forbids the assortment of such costs in many situations. Additionally, numerous housing that is not-for-profit will allow you to negotiate together with your loan provider at no cost.