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

  • Information on particular mortgage loan modification programs which might be offered to property owners;
  • Assistance with exactly just how home owners can register complaints aided by the Department in order for instances of mortgage or lender servicer abuses, such as for instance predatory financing techniques, may be examined.
  • U.S. Housing and Urban developing (HUD) authorized housing counselors will additionally be available.

    The property foreclosure prevention experts will talk with property 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.

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    Property owners could also register complaints with the Department site, www.dfs.ny.gov. Additionally, information might 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, which might be marketed by personal organizations.

    Avoid anybody who requests an upfront charge in trade to get you a loan mod, saving your property from standard or stopping a property property property property foreclosure or income income income tax purchase. Nyc legislation forbids the number of such costs generally in most instances. Additionally, numerous housing that is not-for-profit will allow you to negotiate together with your loan provider free of charge.

    Watch out for whoever states they could 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 anyone except that your home loan business without its approval.

    The Department is giving property foreclosure prevention professionals to aid property owners at web internet web sites throughout the state, specially where you can find high levels of property owners in or vulnerable to property property property property foreclosure. The Department’s property property foreclosure avoidance effort premiered in February and has now checked out a lot more than a dozen web sites 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 SIMPLY HELP HOMEOWNERS IN BUFFALO

    Department of Financial Services Foreclosure Prevention experts accessible 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 would be offered to speak to home owners when you look at the agency’s Cellphone Command Center, that will be found during the working workplaces of Belmont Housing Resources for WNY, 1195 principal St. in Buffalo.

    Governor Cuomo said “It is important that individuals offer just as much assistance that you can to financially-troubled home owners. The target is always to offer direct make it possible to homeowners to get the phrase out to other people so it’s essential to inquire about for help as fast as possible. The longer a home owner waits, the harder it may possibly be to save lots of a true house.”

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

    Senator Mark Grisanti stated: “a lot of New Yorkers have lost their houses as a consequence of the recession and too many are nevertheless vulnerable to property property foreclosure. It is important for home owners to look for sincesistance since quickly as feasible when they’re in monetary difficulty. We appreciate the Department’s efforts to create help homeowners that are struggling the Buffalo area.”

    Assemblywoman Crystal D. Peoples-Stokes said: “It is regrettable that the housing property foreclosure crisis has greatly affected cities that are major the nation. Within the Buffalo area, we now have seen our housing stock decrease in the past few years, and lots of home owners are now actually dealing with property foreclosure. No body really wants to see someone lose their house, particularly when there is hope. I will be glad that residents will get some support in whatever period these are generally in. I’m calling all home owners who’re looking for help or have concerns to go to this occasion, get responses and obtain the proper assistance today.”

    Sandra Becker, Senior Housing tools Manager, Belmont Housing Resources for WNY, stated: “Agencies like Belmont Housing Resources, which offer foreclosure prevention help, appreciate the state’s efforts to keep the limelight in 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 property foreclosure avoidance professionals will speak to home owners to evaluate where these are typically within the pre-foreclosure or foreclosure procedure. They will provide:

    • Information regarding particular loan mod programs which can be open to home owners;
    • Assistance with exactly how home owners can register complaints utilizing the Department to ensure situations of loan provider or home loan 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 property property foreclosure prevention experts will talk with property owners in the Department’s mobile phone Command Center, a 36-foot vehicle that is long. Property owners should bring together with them any papers highly relevant to their specific circumstances, such as for instance records of home loan repayments or letters for them from loan providers or home loan servicers.

    Property 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 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, which can be marketed by personal companies.

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