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 certain loan mod programs that might be open to home owners;
  • Help with exactly just just how property owners can register complaints utilizing the Department making sure that instances of mortgage or lender servicer abuses, such as for instance predatory lending methods, may be examined.
  • U.S. Housing and Urban developing (HUD) authorized housing counselors will additionally be available.

    The property property property property foreclosure prevention experts will talk with home owners within the Department’s Cellphone Command Center, a 36-foot long car. 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 internet site, www.dfs.gov that is.ny. 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., through Friday monday.

    DFS urged home owners to be skeptical of home loan rescue frauds, which might be marketed by personal organizations.

    Watch out for anybody who wants a fee that is upfront trade to get you that loan mod, saving your property from standard or stopping a property property property foreclosure or income tax purchase. Nyc legislation forbids the assortment of such costs generally in most instances. Additionally, numerous housing that is not-for-profit can help you negotiate together with your loan provider free of charge.

    Avoid anybody who claims 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 home loan repayments to anybody aside from your home loan business without its approval.

    The Department is giving foreclosure prevention professionals to aid home owners at web web internet internet sites over the state, specially where you can find high levels of home owners in or prone to foreclosure. The Department’s property property foreclosure avoidance effort premiered in February and it has checked out significantly more than a dozen internet sites within 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 AID HOMEOWNERS IN BUFFALO

    Department of Financial Services Foreclosure Prevention experts offered 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 undoubtedly be provideed to offer assist to Buffalo area home owners that are currently 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 foreclosure avoidance professionals is supposed to be accessible to talk with home owners into the agency’s mobile phone Command Center, which is found during 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 as you can to financially-troubled home owners. The aim 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 becausesistance as fast as possible. The longer a home owner waits, the harder it could be to truly save 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 too many are nevertheless vulnerable to property property foreclosure. It is important for home owners to look for becausesistance because quickly as feasible when they’re in economic difficulty. We appreciate the Department’s efforts to create assist to homeowners that are struggling the Buffalo area.”

    Assemblywoman Crystal D. Peoples-Stokes said: “It is regrettable that the housing property foreclosure crisis has greatly impacted major metropolitan areas across the nation. Within the Buffalo area, we now have seen our housing stock decrease in the last few years, and lots of home owners are now actually foreclosure that is facing. No body really wants to see someone lose their house, specially when there is hope. I will be happy that residents could possibly get some support in whatever period they’ve been in. I will be calling all property owners who will be looking for help or have concerns to go to this occasion, get responses and obtain 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 support, appreciate the state’s efforts in order to keep the limelight in the crisis that is foreclosure the accessibility to solutions for homeowners whom need assistance. It really is crucial to achieve New Yorkers nevertheless in need.”

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

    • Information regarding particular mortgage loan modification programs that might be offered to home owners;
    • Help with exactly just just how property owners can register complaints with all the Department in order for situations of loan provider or online cash advance loan Missouri 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 foreclosure prevention professionals will talk with property owners in the Department’s Cellphone Command Center, a 36-foot long car. Property owners should bring together with them any documents strongly related their specific circumstances, such as for example documents of mortgage repayments or letters for them from loan providers or home loan servicers.

    Home owners could also file complaints with the Department web site, www.dfs.ny.gov. Additionally, information could 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 property owners to be skeptical of home loan rescue frauds, which can be marketed by personal companies.