Reverse mortgages allow homeowners 62 and older to tap into their home equity while remaining in their homes. This product is a useful and necessary resource for many senior homeowners with incomes that are insufficient to cover their living expenses. In ideal cases, reverse mortgages are not due and payable until the borrower dies or […]
Housing counselors and advocates worked late into the evening on Dec. 30, 2016, helping homeowners meet the midnight deadline to apply for the Obama administration’s signature foreclosure crisis era mortgage relief program. Although it is not immediately clear how many homeowners beat the rush, what is clear is that the future of foreclosure assistance for […]
New York homeowners will be able to tap into expanded financial assistance after Goldman Sachs agreed to a $5 billion settlement over its past lending practices leading up to the Great Recession with a mortgage working group led by New York Attorney General Eric Schneiderman. Hundreds of millions of dollars in settlement funds will be […]
Forty-five members of Congress — including several U.S. Representatives for New York — have signed on to a letter calling for changes to how bulk sales of distressed properties are sold by federal housing agencies, including disqualifying “bad actors” and making the programs more transparent. The letter, sent on Tuesday and addressed to the heads […]
Did you know that since 2010, almost 3,000 New Yorkers have reported being victims of foreclosure rescue scams? And that’s just reported scams — many more homeowners have no doubt been scammed, but did not know how to report it, or were too embarrassed to come forward. Foreclosure and mortgage scams are a major threat […]
At the Center, we’re committed to fighting back against foreclosure rescue scammers who target homeowners in foreclosure. Last year, we partnered with the New York State Office of the Attorney General to create AGScamHelp, an easy to use web-based app created to help New Yorkers identify foreclosure rescue scams and report them to law enforcement. […]
For many seniors with equity in their homes, reverse mortgages are an appealing opportunity. In a conventional mortgage, homeowners make monthly mortgage payments to their lender and build equity over time in their home. Conversely, in reverse mortgages, homeowners receive money from their lender, with the understanding that they are in essence drawing down equity […]
The Yeshiva World News: Treyger Proposes Task Force to Help Houses of Worship and Non-Profits Recover from Sandy and Prepare for Next Major Storm Sheepshead Bites: Having Trouble Paying Your Bills? Avoid Foreclosure And Mortgage Rescue Scams With New Website New York Post: Attorney General’s new app alerts homeowners of foreclosure scams National Mortgage Professional Magazine: New York State AG […]
New Yorkers who are rebuilding their homes following Hurricane Sandy and looking for advice on how to rebuild and make their home more resilient can find integrated assistance from a team of architects, housing counselors, and flood insurance specialists all under one roof at the Sandy Neighborhood Design HelpDesk. Homeowners who attend a HelpDesk event […]
Anoche, el noticiero Univisión 41 de Nueva York divulgo la noticia sobre los recursos disponibles a través de consejeros de vivienda y servicios legales bajo el programa de Protección para Propietarios de Vivienda del Fiscal General para el Estado de Nueva York “HOPP” por sus siglas en Ingles. Herman De Jesus aparece en la noticia […]
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