Issues: Foreclosure

CBS National News Reports on Senator Klein's Work on the Ripple Effects of Foreclosures

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Senator Jeff Klein, (D-Bronx/ Westchester) is featured in a national story from CBS news on the ripple effects of the foreclosure crisis. The piece focuses on the Bronx-based Marsh family, whose home became unlivable last spring due to damage caused by a fire at an adjacent foreclosed home.

November 5, 2011
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Senator Krueger's Albany Update Fall 2011: Your Housing Rights

Dear Neighbor,

With the growing shortage of affordable housing—for both renters and homeowners—there has never been a more important time to understand your rights and how current housing laws apply to you. There is not enough space to address all the pertinent facts, rights, and obligations so this newsletter covers the issues which come up most often in my District Office. You should be aware, however, that there are exceptions to many of the regulations and programs outlined here.

File: 
Fall 2011 Housing Rights Newsletter.pdf

November 4, 2011
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Foreclosure and Homeownersip Preservation

News From New York StateSenator Shirley L. HuntleyContact: Bryant G.

November 4, 2011
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Senator Peralta Calls For Extending State Foreclosure Prevention Program

Arguing that “investing in foreclosure prevention saves money,” State Senator Jose Peralta is urging Governor Andrew Cuomo to continue funding a program that provides homeowners with counseling, legal assistance and help negotiating with banks.

In a letter to the governor citing alarmingly high rates of seriously delinquent mortgages in his senate district, Senator Peralta calls for extending the state’s Foreclosure Prevention Services Program.  Launched in 2008, funding for the $25 million initiative expires at the end of the year.

October 28, 2011
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Huffington Post Op-Ed: Beyond the Occupation

By State Senator Daniel Squadron and Assemblyman Rory Lancman

Much has been made of the lack of specific demands of the Occupy Wall Street protesters.   But the themes underlying the protests are clear: accountability on Wall Street for the financial crisis that tanked the global economy; shared sacrifice as we pull ourselves out of an economic mess that the middle class and working poor didn't create; and a political system controlled by people, not corporations.

October 7, 2011
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Housing Seminar Hosted by Beulah Church of the Nazarene

On Saturday, September 24, Beulah Church of the Nazarene, located at 1250 St. Johns Place in Brooklyn, hosted a Housing Seminar offering educational seminars for home buyers – linking bankers, attorneys and real estate professionals with potential buyers, and information on low-income housing, landlord/tenant rights, foreclosure prevention and NYC housing lottery.

September 27, 2011
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Senator Krueger's Community Bulletin: August 2011

Message from Liz . . .

Once again our leaders in Washington are fighting over cuts to the deficit, while our economy teeters on the brink of a "double dip" recession. At the federal, state, and local levels, the focus is on cutting programs rather than increasing revenues. But what many of these leaders have chosen to ignore is the fact that this strategy will have radical macro and micro economic and political consequences for decades to come.

File: 
August 2011 FINAL.pdf

August 24, 2011
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News 12 -- Sen. Klein: Neglectful banks putting residents at risk

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(08/01/11) THE BRONX - State Sen. Jeffrey Klein warned residents Monday that banks are putting people in danger by neglecting foreclosed homes around the city.Klein released a survey that claims 2,000 bank-owned foreclosed properties in the city have nearly 4,000 open violations. A law was passed in 2009 that requires all banks to keep foreclosed properties up to code.

August 22, 2011
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Preventing the Next Prospect Ave. Tragedy:

Sen. Klein Releases Report on Dangerous Foreclosed Properties & Irresponsible Banks That Disregard the Law

 

File: 
Survey of REO Properties in NYC

August 2, 2011
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SENATOR MONTGOMERY HONORS LIFETIME ACHIEVEMENT AWARD RECIPIENT DOROTHY BURNHAM, A BROOKLYN “RENAISSANCE WOMAN”

The lifetime achievements of Brooklyn native Dorothy Burnham were recognized and lauded by NYS Senator Velmanette Montgomery (D-Brooklyn) during the reading of a Senate resolution, which was unanimously passed by the full Senate during the final days of the 2011 Legislative Session. The resolution paid tribute to Dorothy Burnham’s many notable contributions to our public education system, the advancement of civil rights, and to the promotion of racial and economic equality. Ms. Burnham was also honored for her designation as recipient of the Lifetime Achievement Award by the New York Friends of the People's World. “Dorothy Burnham is a Renaissance Woman,” said Senator Montgomery.

July 11, 2011
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Emergency Loan Program for Homeowners

Brooklyn Housing & Family Services is available to help homeowners in determining if they are eligible for financial assistance under the federal Emergency Homeowners’ Loan Program (EHLP). Sponsored by HUD, the program is intended to help mortgage holders of one to four unit homes who have suffered a loss of income resulting from unemployment caused by adverse economic conditions or a medical emergency.

The EHLP offers a declining balance, deferred payment loan up to a maximum of $50,000 or 24 months, whichever occurs first, to assist eligible homeowners with payments of arrearages and monthly payments on first mortgages.

July 11, 2011
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Klein Says Banks Must Maintain Foreclosed Properties

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July 8 (Bloomberg) -- New York State Senator Jeff Klein talks with Bloomberg Law's Lee Pacchia about the fiscal challenges facing the New York, the economic impact of the Marriage Equality Act and legislation to require lenders to maintain foreclosured properties. (Source: Bloomberg)(Bloomberg)

July 9, 2011
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Sen. Klein, Chief Judge Lippman, Others, Announce Opening of Bronx Foreclosure Center

BRONX, N.Y. – After two years of planning and hard work, Senator Jeffrey D. Klein, (D-Bronx/ Westchester) was joined by Chief Justice Jonathan Lippman, Bronx Administrative Judge Douglas McKeon and others today for the opening of the Bronx Foreclosure Center at Bronx Civil Court.

June 3, 2011
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4/23/2011: Home Rescue Fair

News From New York StateSenator Shirley L. HuntleyFor Immediate Release: April 28, 2011Contact: Antonio Rodriguez | arodrigu@nysenate.gov | (518) 455-3531

*Press Release*

Getting The Facts About Foreclosure

(D-Jamaica) On Tuesday, April 19th at Mt. Zion Baptist Church and Saturday, April 23rd at York College.  Senator Shirley L. Huntley, Councilman Ruben Wills, and Councilman Leroy Comrie, Jr., in cooperation with the Connect Queens Campaign and many other sponsors held meetings and workshops discussing and helping educate residents about foreclosure prevention and preserving homeownership.

April 23, 2011
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NYS Senator Eric Adams Unites With Community Organizations (NY Communities For Change) And Constituents To Urge Chase Bank To Provide Affordable Mortgage Modifications For All New Yorkers

On Saturday, April 16, 2011, NYS Senator Eric Adams united with community organizations and constituents to urge Chase bank to provide affordable mortgage modification for all New Yorkers.

Chase, the country’s third largest mortgage servicer, has done a woefully inadequate job in mitigating high-cost, defaulting home loans.  According to the Center for New York City Neighborhoods Inc., only 6% of Chase-serviced borrowers have obtained a permanent loan modification; 80% of homeowners requesting a mortgage modification from Chase have never received proper consideration. 

April 19, 2011
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Homeownership Preservation Town Hall Meeting

Southeast Queens is at the epicenter of the national mortgage crisis. Homeowners in the district, I represent continue to need access to information and quality services, at a time when the media and federal government’s attention are beginning to move away from the plight of homeowners. Our community is built around the institutions of church and family. We must draw on these strengths to build the supportive environment that homeowners at-risk of foreclosure will need now and in the future. The obstacles that many of them face prevents stable and long-term homeownership from occurring within our communities.

April 19, 6:00 PM - 8:30 PM
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Foreclosure Prevention Aid

News From New York StateSenator Shirley L. HuntleyFor Immediate Release: April 15, 2011Contact: Antonio Rodriguez | arodrigu@nysenate.gov | (518) 455-3531

**Press Release**

Foreclosure Prevention Aid is Vetoed

April 15, 2011
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