I recently sponsored an outreach program in conjunction with the New York State Department of Financial Services (DFS) for those homeowners in the Sixth Senatorial District who have concerns about their mortgages. The turnout, according to DFS, was the highest they had seen for any of their mobile outreach services.
While our economy is showing signs of improvement, particularly on Long Island, there are unfortunately still many families struggling to make ends meet, and who may be in or facing foreclosure. DFS employs foreclosure prevention specialists who provide information about pre-foreclosure, loan modification programs, and help residents who may have concerns over mortgage servicer abuses such as predatory lending.
While the turnout was strong, many residents may have been unable to speak to DFS, and others may have questions about foreclosure, loan modification programs available, or complaints about mortgage servicer abuses or predatory lending practices. If so, DFS operates a toll-free foreclosure hotline, 1-800-269-0990, which operates from 8:30 a.m. to 4:30 p.m., Monday through Friday. They would welcome any questions you might have or any programs you might need. You can also access online their “Help for Homeowners” at http://www.dfs.ny.gov/consumer/mortg.htm for more helpful information.
Aside from the DFS, another great resource for assistance is the Nassau County Bar Association. They are offering a free “Mortgage Foreclosure Legal Consultation Clinic” on Monday, May 7, from 3:00 to 6:00 p.m. at the Nassau County Bar Association (corner of 15th and West Street, Mineola). If you or someone you know has concerns about a present mortgage, maintaining home ownership, and/or bankruptcy, volunteer attorneys will provide one-on-one guidance and advice. Reservations are required, and can be made by calling the Bar Association directly at 516-747-4070. Attendees are asked to bring their mortgage documents with them.
That clinic will also feature housing counselors from the Nassau County Homeownership Center, Community Development Corporation of Long Island, Nassau/Suffolk Law Services (for those who meet certain income guidelines) and La Fuerza Unida, who will be on hand to assist with loan modifications. Volunteer attorneys have helped more than 1,700 families discuss their concerns and evaluate what steps can be taken to improve their circumstances. The attorneys put residents in touch with where to find the resources they need
Please feel free to contact my Community Office at 516-739-1700 if you need further assistance.