Issues: Foreclosure

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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Foreclosure Prevention Workshop

Please join Senator José Peralta for a series of foreclosure prevention workshops. Presentations will include sessions with loan specialists from reputable organizations that specialize in preventing foreclosures. Attendees should bring two copies of the following documents:-Hardship letter-Two most recent pay stubs-Last two month's bank statements-2008/2009/2010 tax returns-Letters/notices of default or foreclosure-Breakdown of monthly household expenses-Photo ID (unexpired driver's license, state-issued ID or passport)-Social security number

July 22, 4:00 PM - 8:00 PM
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Foreclosure Prevention

News From Senator Shirley L. HuntleyFor Immediate Release: July 8, 2010Contact: Ami Shah | shah@senate.state.ny.us | (518) 455-3531

Senate Moves To Empower Homeowners Facing ForeclosureLaw penalizes lenders who fail to engage in good-faithforeclosure settlement negotiations

Senator Shirley L. Huntley (D-Jamaica) along with the State Senate has passed legislation (S.7798A) 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 7, 2010
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“ACCESS TO JUSTICE IN LENDING” ACT PASSES BOTH HOUSES OF STATE LEGISLATURE

Legislation Will Level the Legal Playing Field for Homeowners Facing Foreclosure

 

June 23, 2010
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Public Protection Budget Ensures Equal Justice For All New Yorkers

Majority adopts Interest On Lawyer Account funding in legislation

June 22, 2010
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SENATOR KRUEGER SUCCESSFULLY AMENDS FORECLOSURE LAW TO HELP OWNERS

For Immediate Release | June 15, 2010

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

(Albany, NY) – In an effort to help homeowners who are fighting foreclosure, State Senator Liz Krueger successfully sponsored and passed new legislation (S7798A) which would amend the New York State Foreclosure Prevention and Responsible Lending Act to further ensure that homeowners have an adequate opportunity to prevent foreclosure through fair, good-faith judiciary hearings.

June 16, 2010
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The Mortgage Foreclosure Crisis

One of the issues that I began to see hitting a tipping point during the time I was running for the Senate two years ago was the mortgage foreclosure situation. In the time since then, it has shifted from reaching a tipping point to outright crisis. My office receives calls on a daily basis from individuals who are fighting to save their homes. Fortunately, we have been able to help many of these residents.

 

June 3, 2010
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August 14, 10:00 AM - 2:00 PM
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Senator Foley Hosts Second Successful Foreclosure Prevention Event

On Saturday, May 1st, State Senator Brian X. Foley (D – Blue Point) hosted a major foreclosure prevention event in Mastic Beach that helped hundreds of homeowners facing home foreclosure. The event, modeled after a similar one held last November in Central Islip, featured major lenders who conducted one-on-one conferences with homeowners and worked towards loan modifications as an alternative to foreclosures.

May 13, 2010
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SENATE PASSES KLEIN BILL TO PROTECT HOMEOWNERS

Bill Will Significantly Decrease Pervasive Loan Modification Scams

 

April 26, 2010
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Protecting Your Money: Avoid Foreclosure Scams

As Historic New Foreclosure Laws Take Effect April 15th, Senator Klein Fights for Next Level of Protection for Homeowners

April 14, 2010
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AS HISTORIC NEW FORECLOSURE LAWS TAKE EFFECT APRIL 15th, KLEIN FIGHTS FOR NEXT LEVEL OF PROTECTIONS FOR HOMEOWNERS

Senator Klein Releases Public Service Announcement to Alert New Yorkers to Dangerous Loan Modification Scams

ALBANY, NY – With new, vital provisions of his foreclosure legislation scheduled to take effect on Thursday, April 15th, State Senator and Deputy Majority Leader Jeff Klein (D-Bronx/Westchester) called for the next level of protections for New York State homeowners on Wednesday. Earlier this year, Senator Klein unveiled new legislation aimed at significantly decreasing, and in some cases eliminating, the pervasive practice of loan modification scams.

April 14, 2010
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New Foreclosure Law to Save Homes and Preserve Neighborhoods

Sweeping foreclosure regulations to finish going into effect April 15

Law will require banks to maintain foreclosed properties and make it easier for homeowners to avoid foreclosure

April 7, 2010
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