State Senator Velmanette Montgomery: “Predators have been targeting homeowners in our communities for many years and it has only gotten worse as gentrification causes property values to skyrocket all over the city. They target our most vulnerable homeowners and snatch generations of wealth from our families.”
Assemblymember Tremaine Wright: “The authorization of the DFS Investigation into Deed Theft and Mortgage Fraud is a strong and necessary step toward quelling the ongoing assault on Brooklyn homeowners.”
NY State Senator Velmanette Montgomery and NY Assemblymember Tremaine Wright will host the first of several intake events for DFS to collect deed fraud complaints on Saturday November 2nd from 10:30 a.m. - 1:30 p.m at Restoration Plaza, 1368 Fulton Street in the Multi-Purpose Room, 1st Floor, Brooklyn, NY 11216.
After reading a troubling report on deed fraud and deceptive practices targeted at homeowners in Brooklyn, Governor Cuomo called on the New York State Department of Financial Services (DFS) to launch an investigation. He also directed DFS to dispatch their Foreclosure Relief Unit to assist homeowners who believe they may have been a victim of deed fraud or unfair, deceptive, or abusive practices concerning the sale or attempted purchase of their home.
To read the full story, visit http://www.blackstarnews.com/ny-watch/news/new-york-state-financial-services-department-will-hold-deed-theft