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

Property owners might also register complaints with the Department web site, 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., through Friday monday.

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

Watch out for anybody who wants an upfront cost in trade so you can get you a loan mod, saving your house from standard or stopping a property property foreclosure or income income income income tax purchase. Nyc legislation forbids the number of such charges more often than not. Additionally, numerous housing that is not-for-profit shall help you negotiate together with your loan provider 100% free.

Watch out for anybody who claims they are able to save your valuable 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 mortgage repayments to anybody aside from your home loan business without its approval.

The Department is delivering property foreclosure prevention professionals to aid property owners at web web web sites over the state, specially where you can find high levels of home owners in or vulnerable to property property foreclosure. The Department’s property property foreclosure avoidance effort was released in February and it has checked out significantly more than a dozen web sites when you look at 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 AID 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.

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The Department’s property property property foreclosure avoidance professionals are going to be offered to speak to property owners within the agency’s Cellphone Command Center, that will be situated during the working 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 as you possibly can to homeowners that are financially-troubled. The target is always to offer help that is direct homeowners and acquire the phrase out to other people it’s essential to inquire of for becausesistance as soon as possible. The longer a home owner waits, the harder it could be to save lots of a true house.”

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

Senator Mark Grisanti stated: “a lot of New Yorkers have forfeit their domiciles as a consequence of the recession and too many continue to be susceptible to foreclosure. It is important for home owners to look for becausesistance since quickly as feasible when they’re in monetary 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 unfortunate that the housing property property property property foreclosure crisis has greatly impacted major urban centers across the united states. Within the Buffalo area, we now have seen our housing stock decrease in the past few years, and several home owners are actually foreclosure that is facing. Nobody 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 property owners that are looking for help or have concerns to wait 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 offer property property property foreclosure prevention support, appreciate the state’s efforts keeping in mind the limelight in the crisis that is foreclosure the option of solutions for homeowners whom need assistance. It’s important to achieve New Yorkers nevertheless in need.”

The Department’s property property property property foreclosure avoidance professionals will speak to property owners to evaluate where they’ve been when you look at the pre-foreclosure or process that is foreclosure. They will provide:

  • Information on particular mortgage loan modification programs that might be open to property owners;
  • Help with just exactly exactly just just how property owners can register complaints with all the Department to ensure instances of mortgage or lender servicer abuses, such as for example predatory financing methods, may be examined.

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

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

Home owners could also register complaints utilising the Department 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., Monday through Friday.

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 trade to get you that mortgage loan modification, saving your house from default or stopping a property property property property foreclosure or income income income tax purchase. Nyc legislation forbids the number of such costs in many situations. Additionally, numerous housing that is not-for-profit will allow you to negotiate together with your loan provider 100% free.