Printer Friendly

NY Dept. Of Financial Services launches foreclosure-relief effort.

On Feb. 9, New York Superintendent of Financial Services Benjamin Lawsky launched a statewide effort to stem foreclosures. The effort was launched with an event in Suffolk County, the region with the highest number of home foreclosures in the state.

"Governor [Andrew] Cuomo has directed the Department of Financial Services to assist homeowners dealing with foreclosure or the risk of foreclosure" Lawsky said. He added, "Starling today, we will send staff and our command center wherever foreclosures are the biggest problem so we can be on the ground helping New Yorkers. Our message to homeowners is: Seek help as soon as you have a problem. The longer you wait, the harder it may be to save your home."

Department specialists are staffing a mobile command center one day a week in the Town of Islip and a new foreclosure hotline has been set up to field calls Monday through Friday. The hotline number is 1-800 269-0990. Homeowners can also file complaints on the department's web site,

Governor Cuomo announced the formation of the foreclosure-relief unit within the Department of Financial Services in his State of the State address.

The department is developing a schedule for mortgage foreclosure specialists to visit other locations in the state using the mobile command center, a 36-foot-long van equipped with computers and other communications systems.
COPYRIGHT 2012 Mortgage Bankers Association of America
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Briefing Book
Comment:NY Dept. Of Financial Services launches foreclosure-relief effort.(Briefing Book)
Publication:Mortgage Banking
Date:Mar 1, 2012
Previous Article:Administration's January housing scorecard calls outlook "mixed".
Next Article:CoreLogic says home prices fell by 4.7 percent in 2011.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |