Issues: Foreclosure

Klein Says Banks Must Maintain Foreclosed Properties

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 2, 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 22, 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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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 14, 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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KLEIN CALLS FOR ACTION TO RENEW FUNDING FOR FORECLOSURE PREVENTION SERVICES

Elected Officials and Foreclosure Prevention Providers push for immediate action in the 2012 Executive Budget

BRONX, NY – State Senator Jeff Klein (D- Bronx/ Westchester) and Senator Gustavo Rivera (D-Bronx) joined Foreclosure Prevention Providers at the Bronx County Courthouse on Friday to call for the renewal of funds for the Foreclosure Prevention Services Program in the 2012 Executive Budget.

March 18, 2011
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Home Preservation Workshop

On January 25th and 26th Wells Fargo will be hosting a two day Home Preservation Workshop at the New York Marriott at the Brooklyn Bridge.

January 25, 9:00 AM - January 26, 7:00 PM
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Senator Klein Announces Stop-Gap Funding For Critical Foreclosure Prevention Programs

 

Senator Jeffrey D. Klein, (D-Bronx/ Westchester), praised the inclusion of $1 million in foreclosure prevention funding that was included in this week's tax code reform and economic jump-start legislative package.

December 9, 2010
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Yonkers Insider: Senate Bill Guaranteeing Protections for Tenants of Foreclosed Buildings Signed into Law

Prior Law Allowed Tenants to be Forced from Homes without Notice

Senator Andrea Stewart-Cousins (35th District – D/WF) announced that a new law guaranteeing greater protections (S7139) for tenants of buildings in foreclosure has been signed into law. Under the new law, rent-regulated tenants are now required to receive a notice of their housing rights, along with a notice of the building owner’s foreclosure. The bill takes effect 30 days from the date of signing.

A review of the state’s prior notification requirement for renters revealed that existing law failed to effectively communicate to rent-controlled and rent-stabilized tenants that their housing rights are unaffected by a foreclosure proceeding.

August 30, 2010
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Senator Krueger, Other Legislators Vow to Hold Banks Accountable for Foreclosed Homes

For Immediate Release | August 26, 2010

Katie Kincaid | kincaid.nysenate@gmail.com | 646-784-0485

 

(New York, NY) On Wednesday, August 25th 2010, New York State Senator Liz Krueger, joined by State Senator Jeff Klein, Assembly Member Hakeem Jeffries, City Council Member Brad Lander and New York Communities for Change (NYCC), held a press conference to announce legislation that is aimed at holding banks responsible for foreclosed homes in New York, while also pressing banks to avoid the foreclosure process by coming to the negotiation table early enough to modify loans. The proposed legislation emphasizes the importance of banks responsibly maintaining foreclosed homes if they cannot offer a viable mortgage modification to families in need.

August 26, 2010
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NYS Senator Eric Adams and His Majority Conference Colleagues Pass Legislation Protecting Tenants In Foreclosed Buildings. Governor Signs Bill Into Law.

 

NYS Senator Eric Adams and the Senate Majority Conference protect residents of foreclosed buildings by reversing prior law that permitted tenants to be forced from homes without due notice.

 NYS Senator Eric Adams states: “The Senate Majority Conference bill S7139, affording greater protections to tenants of buildings in foreclosure, has been signed into law. Rent-regulated tenants must now receive notification of any foreclosure.

 “Further, these tenants must now receive a notice of their housing rights. Prior notification requirements were inadequate, failing to make clear to rent controlled and rent stabilized tenants that their housing rights are unaffected by a foreclosure proceeding.

August 17, 2010
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Foreclosures

News From New York State

Senator Shirley L. Huntley

For Immediate Release: August 17, 2010

Contact: Ami Shah | shah@senate.state.ny.us | (518) 455-3531

Senate Bill Guaranteeing Protections for Tenants of Foreclosed Buildings Signed into Law

Senator Huntley: Prior Law Allowed Tenants to be Forced from Homes

without Notice

August 16, 2010
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Senator Jose Peralta Urges President Obama to Nominate Dr. Elizabeth Warren as Director of the Consumer Financial Protection Bureau

Click here to view Senator Peralta's letter to President Obama.

“As the Chair of the New York State Senate’s Consumer Protection Committee and State Senator representing over 300,000 New Yorkers, I have seen firsthand the devastating effects these challenging economic times have had on Americans. These distressing financial problems are often times compounded by the fact that many consumers simply do not know their rights and in many cases because they have been victims of predatory credit products.

August 3, 2010
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Senator Peralta Tackles Foreclosure

Queens Chronicle

by Elizabeth Daley

7/29/2010

Inspired by the high foreclosure rate across the country and in Queens, state Sen. Jose Peralta (D-Jackson Heights) joined allies City Comptroller John Liu and Assemblyman Hakeem Jeffries (D-Fort Greene) at City Hall on Tuesday to promote legislation requiring lenders and brokers to provide consumers with a document explaining the mortgage process, consumer rights and protections.

Peralta urged Gov. David Paterson to sign the legislation shortly after speaking to residents facing foreclosure in his district at a workshop last Thursday.

 

July 29, 2010
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Senator Peralta Calls on Governor Paterson to Sign Mortgage Bill of Rights Legislation Prompted by Record Number of Foreclosures

Senator Jose Peralta, Assemblymember Hakeem  Jeffries and Comptroller John Liu are calling on Governor Paterson to sign the Mortgage Bill of Rights  Legislation, requiring  mortgage lenders and brokers to provide consumers with a detailed  document explaining the mortgage process and consumer rights and protections.  This bill will ensure that consumers receive ample information before they begin the voluminous mortgage  process. 

July 27, 2010
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ADDABBO: SENATE MOVES TO EMPOWER HOMEOWNERS FACING FORECLOSURE

Law Penalizes Lenders Who Fail to Engage in Good-Faith Foreclosure Settlement Negotiations

Queens, NY, July 12, 2010 – NYS Senator Joseph P. Addabbo, Jr., announced today that in an effort to help more New Yorkers remain in their homes, the New York State Senate passed critical legislation that he supported (S7798A), empowering homeowners facing foreclosure to take action when lenders fail to meet their obligation of entering into good-faith settlement negotiations at “settlement conferences.”

July 13, 2010
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River Park Tenants Association Family Day in the Park

Senator Serrano and the community celebrated Tenants Association Family Day in the Roberto Clemente State Park on Saturday to honor the association for their hard work in strengthening tenants’ rights and preserving at-risk affordable housing. Serrano presented the President of the Tenants Association, Leon Johnson, with a proclamation to thank him for his dedication and hard work.

July 12, 2010
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