Issues: Foreclosure

State Passes Fiscally Responsible Budget That Respects Taxpayers

Budget Comes Early, Controls Spending and Holds The Line On Taxes

Senator Patrick M. Gallivan hailed the 2012 state budget today as lawmakers approved the spending plan ahead of the April 1st deadline, marking the second consecutive year New York State will enact an on-time budget.

“Passing a second on-time budget in as many years is indicative of the larger progress we’ve seen lately in Albany. Just as late budgets were once a symbol of dysfunction, on-time budgets are symbolic of continued progress,” the Senator said. “Even more important than passing an on-time budget, is that we passed a fiscally responsible budget that respects New York’s taxpayers and keeps the State moving forward.”

April 3, 2012
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From the Desk of Senator Jack M. Martins

Help for Homeowners

It started out simple enough. Since taking office I’ve had a small but steady stream of constituents who seek help with various mortgage and foreclosure problems. I regularly connect them to appropriate state agencies and having heard back about a number of successful resolutions, I decided to host a local seminar for anyone experiencing similar issues. I invited the New York Attorney General’s (AG’s) Office, the state’s Department of Financial Services, and even some of the larger lenders.

April 3, 2012
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Budget Update From State Senator David J. Valesky

The New York State Legislature has completed passage of an on-time budget for the second year in a row. Though it was another challenging budget, requiring the closure of a $3.5 billion deficit, we were able to balance the budget without tax increases or fiscal gimmickry. In addition, overall spending was reduced for the second straight year, the frist time this has happened in at least three decades. 

Some highlights include:

March 30, 2012
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Prohibit Brokers and Lenders From Deceiving Borrowers

News From New York StateSenator Shirley L.

March 29, 2012
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Governor Cuomo and Legislative Leaders Announce Agreement on 2012-13 State Budget

Governor Cuomo released the following announcement on March 27, 2012:

The Budget continues the Governor’s commitment to fiscal responsibility while creating jobs and strengthening communities across the state. It closes a multi-billion dollar deficit with no new taxes, fees or gimmicks, limits spending growth to two percent or below for the second year in a row, and launches the New York Works Task Force to invest billions of dollars to rebuild the state's roads, bridges, parks, and other infrastructure and create tens of thousands of jobs.

March 29, 2012
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Krueger Announces Senate Passage of Ban on “Yield Spread Premiums”, Predatory Lending Practice

Albany, NY – State Senator Liz Krueger (D-Manhattan) today announced the passage of her legislation permanently banning “yield spread premiums” in New York State (S. 886). This practice created perverse incentives in the mortgage market, fleecing families and creating instability in the nation’s financial system, ultimately contributing to the national mortgage foreclosure crisis.

March 21, 2012
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SENATOR FUSCHILLO & DEPARTMENT OF FINANCIAL SERVICES BRING FORECLOSURE PREVENTION PROGRAM TO LONG ISLANDERS

     Photo caption: Senator Fuschillo (right) is pictured with Department of Financial Services Superintendent Benjamin Lawsky (center) and Assemblyman Joseph Saladino (left) in front of the Department’s mobile foreclosure prevention center, which came to Massapequa to provide assistance to homeowners.

     Senator Charles J. Fuschillo, Jr. (R-Merrick) and Assemblyman Joseph Saladino today partnered with the New York State Department of Financial Services (DFS) to help provide services to homeowners facing foreclosure.

March 16, 2012
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SENATE PASSES 2012-13 BUDGET RESOLUTION

Gallivan: “Senate Plan Cuts Taxes, Reforms Medicaid, Protects Seniors and Schools.”

The New York State Senate voted to approve its 2012-13 Senate Budget resolution, continuing its focus on state spending, job creation, and structural reform to government.

The Senate budget, at just under $132.5 billion, keeps the total state spending increase below two percent, and spends less than the Executive Budget. The budget closes a $2 billion budget deficit and builds on last year’s successes in putting the state’s fiscal house in order.

March 13, 2012
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Statement from Senator Valesky Regarding Syracuse Common Council Passage of Land Bank Legislation

I applaud the Common Council for moving legislation forward to create a city/county land bank. As the author of the state law, I am extremely encouraged that Onondaga County and the city of Syracuse will have the opportunity to be one of the first land banks in the state. Vacant and abandoned housing has been a problem in our communities for too long, and the application of this new strategy is a promising solution.

 

March 12, 2012
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Foreclosure Prevention Program- Massapequa

     Senator Charles J. Fuschillo, Jr. (R-Merrick) today announced that he is partnering with the New York State Department of Financial Services (DFS) to help provide services to homeowners facing foreclosure.

     Senator Fuschillo has arranged for specialists from DFS to bring the Department’s Mobile Command Center to Marjorie Post Park, located on the corner of Merrick Road and Unqua Road in Massapequa, from 11 am to 7 pm on Friday, March 16th to assist residents in danger of losing their homes.

March 16, 11:00 AM - 7:00 PM
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SENATOR FUSCHILLO & DEPARTMENT OF FINANCIAL SERVICES TO BRING FORECLOSURE PREVENTION PROGRAM TO RESIDENTS ON MARCH 16th

     Senator Charles J. Fuschillo, Jr. (R-Merrick) today announced that he is partnering with the New York State Department of Financial Services (DFS) to help provide services to homeowners facing foreclosure.

     Senator Fuschillo has arranged for specialists from DFS to bring the Department’s Mobile Command Center to Marjorie Post Park, located on the corner of Merrick Road and Unqua Road in Massapequa, from 11 am to 7 pm on Friday, March 16th to assist residents in danger of losing their homes.

March 8, 2012
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SENATOR CARLUCCI BRINGS FORECLOSURE RELIEF VAN TO SPRING VALLEY

DEPARTMENT OF FINANCIAL SERVICES FORECLOSURE PREVENTION

SPECIALISTS MEETING HOMEOWNERS IN ROCKLAND COUNTY

Initiative Part of Statewide Outreach Program to Help Homeowners

in Foreclosure and Those in Danger of Foreclosure

Benjamin M. Lawsky, Superintendent of Financial Services, today sent mortgage foreclosure relief specialists to Rockland County to provide direct assistance to homeowners struggling to save their homes because of the foreclosure crisis.

February 22, 2012
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Senators Peralta and Smith Call For Extending State Foreclosure Prevention Program

Citing the alarmingly large number of families across the state facing foreclosure, State Senators Jose Peralta and Malcolm Smith are urging Governor Andrew Cuomo to fund a program that provides homeowners with counseling, legal assistance and help negotiating with banks.  Launched in 2008, funding for the $25 million Foreclosure Prevention Services Program expires next month.

February 9, 2012
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Senator Montgomery Announces NYSABPRL's 41st Annual Legislative Conference Workshop & Event Schedule

The 41st Annual Legislative Conference of the NYS Association of Black and Puerto Rican Legislators will convene on Friday, February 17th and conclude on Sunday, February 19th, 2012. The theme of this year’s conference is “Open Doors to Employment, Opens Doors to Empowerment."

The Conference schedule of educational workshops and weekend-long events is included here in a pdf format that can be downloaded.  More information on the Legislative Conference may be obtained by visiting www.nysabprl.org.

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February 9, 2012
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Senator Lee Zeldin, Superintendent Ben Lawsky and Local Officials in Brentwood-Central Islip Hosting New York State Department of Financial Services’ Foreclosure Relief Unit

State Senator Lee Zeldin, Town of Islip Supervisor Thomas Croci and State Assemblyman Phil Ramos will be on hand, Thursday February 9th at 10 AM, to host the New York State Department of Financial Services Superintendent, Benjamin Lawsky, and the Foreclosure Relief Unit, in Brentwood, NY. This mobile unit will be on site in Brentwood all day (9am-7pm) to help families impacted by the foreclosure crisis.

WHO: State Senator Lee Zeldin, New York State Department of Financial Services Superintendent, Benjamin Lawsky, Town of Islip Supervisor Thomas Croci and State Assemblyman Phil Ramos.

WHAT: The New York State Department of Financial Services’ Foreclosure Relief Unit

February 9, 9:00 AM - 7:00 PM
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NYS Foreclosure Prevention Services Program Campaign

Thousands of Distressed Homeowners Will Be Left in the Lurch—and Communities Devastated – by Imminent Loss of State Funding for Foreclosure Prevention Housing Counseling and Legal Defense

 Elected Officials, Advocates and Homeowners Call for

Funding in New York State’s Budget for Foreclosure Prevention

February 1, 2012
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Klein Kicks off Key Campaign with Foreclosure Prevention Advocates and Colleagues

 

Thousands of Distressed Homeowners Will BeLeft in the Lurch—and Communities Devastated – by

January 31, 2012
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Independent Democratic Conference Releases 2012 Legislative Agenda

 

NEW YORK, NY - The Independent Democratic Conference  released its 2012 legislative agenda Thursday aimed at strengthening this state's economy, improving the lives of New York residents, and preserving New York's progressive tradition.

The agenda was released on the anniversary of the IDC's formation and after a successful year that saw many of the conference's 2011 priorities made into law.

January 8, 2012
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