Eric Adams's posts related to 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.


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. 


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.


Senator Adams, Senator Klein, other elected officials and organizations advocate for foreclosure prevention services funding

Senator Eric Adams, Senator Jeffrey Klein and other elected officials held a press conference to call upon the Governor to include funding for foreclosure prevention services in the 2012-2013 budget.  Last year, the budget did not include any funding for foreclosure prevention services.  Many New Yorkers are facing foreclosure on their homes, affecting communities all over the State.