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

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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

  • Information regarding particular mortgage loan modification programs which might be open to home owners;
  • Assistance with just how property owners can register complaints using the Department to make certain that instances of mortgage or lender servicer abuses, such as for example predatory financing techniques, 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 talk with property owners within 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 might 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 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 can be marketed by personal companies.

    Avoid whoever wants a fee that is upfront change so you can get you that loan mod, saving your house from standard or stopping a property property foreclosure or tax purchase. Nyc legislation forbids the assortment of such charges more often than not. Additionally, numerous not-for-profit housing counselors can help you negotiate together with your loan provider free of charge.

    Avoid anybody who states they are able to save your valuable house in the event that you signal or move the deed to your dwelling up to them to help you catch up on your own mortgage repayments or refinance your loan. Never ever submit your mortgage repayments to anybody aside from your home loan business without its approval.

    The Department is giving property foreclosure prevention professionals to aid home owners at web sites throughout the state, particularly where you can find high levels of home owners in or prone to property property property foreclosure. The Department’s property property foreclosure avoidance effort was released in February and contains checked out significantly 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 professionals Available 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, today announced that Department of Financial solutions home loan property foreclosure prevention experts will likely be accessible to offer help Buffalo area property owners who will be 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 foreclosure avoidance professionals is going to be open to talk with home owners into the agency’s mobile phone Command Center, that will be found during the workplaces of Belmont Housing Resources for WNY, 1195 principal St. in Buffalo.

    Governor Cuomo said “It is vital that people provide the maximum amount of help that you can to homeowners that are financially-troubled. The target would be to provide direct make it possible to homeowners to get the phrase off to other people so it’s crucial to inquire of for becausesistance as soon as possible. The longer a home owner waits, the harder it may possibly be to save lots of a true 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 as a consequence of the recession and quite a few continue to be vulnerable to property foreclosure. It is important for property owners to look for help since quickly as feasible if they are in economic 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 impacted major towns across the nation. Into the Buffalo area, we have seen our housing stock decline in the last few years, and several home owners are now actually foreclosure that is facing. No body would like to see someone lose their house, particularly when there is hope. I’m happy that residents will get some support in whatever period they have been 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 proper assistance today.”

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

    The Department’s property foreclosure avoidance experts will speak to home owners to evaluate where these are typically into the pre-foreclosure or process that is foreclosure. They will provide:

    • Information regarding certain mortgage loan modification programs which might be open to property owners;
    • Guidance on exactly exactly how home owners can file complaints using the Department to make certain that cases of loan provider or home loan servicer abuses, such as for example predatory lending techniques, could be examined.

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

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    The property foreclosure prevention experts will talk with property owners in the Department’s Cellphone Command Center, a 36-foot long car. Home owners should bring using them any papers strongly related their specific circumstances, such as for example documents of home loan repayments or letters in their mind from loan providers or home loan servicers.

    Property owners could also register complaints making use of the Department web site, www.dfs.gov that is.ny. Additionally, information might 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 be skeptical of home loan rescue scams, that might be marketed by private companies.

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