Statement from Governor David A. Paterson Regarding the Order of Foreclosure for Riverton Houses

Albany, NY - February 4, 2010 - (RealEstateRama) -- Governor Paterson today issued the following statement regarding the order of foreclosure for Riverton Houses, in Harlem:

Senators Stachowski, Klein and Thompson Unveil Comprehensive Foreclosure Law in Buffalo

NEW YORK, NY - January 27, 2010 - (RealEstateRama) -- Senator Jeff Klein (D-34th Senate District), Senator William Stachowski (D-58th Senate District) and Senator Antoine Thompson (D-60th Senate District) were joined by officials from the Town of Cheektowaga and City of Buffalo

GREENPATH DEBT SOLUTIONS SEES 58% INCREASE IN NYC CLIENTS AND 52% INCREASE IN NY...

FARMINGTON HILLS, MI - December 22, 2009 - (RealEstateRama) -- GreenPath Debt Solutions, a nonprofit consumer credit counseling service with seven offices in the greater New York City area, recently released mortgage delinquency data regarding its clients in New York State and New York City

Rep. Israel Announces $200,000 in New Federal Funding to Prevent Home Foreclosure in Central...

Central Islip, NY - December 17, 2009 - (RealEstateRama) -- On Thursday, Rep. Steve Israel announced $200,000 in new federal funding for the Central Islip Neighborhood Stabilization Project, a program that prevents foreclosures with aggressive community outreach and rehabilitates vacant homes to sell to first-time home buyers.

Nearly 5,000 Homeowners Call Comptroller’s Foreclosure Prevention Helpline

New York, NY - December 17, 2009 - (RealEstateRama) -- New York City Comptroller William C. Thompson, Jr. today announced that his office is closing in on more than 5,000 individuals and families who have called his Foreclosure Prevention Helpline to ask for help and guidance to avoid losing their homes.

Governor Paterson Signs Comprehensive Foreclosure Legislation into Law

Albany, NY - December 15, 2009 - (RealEstateRama) -- Governor David A. Paterson today signed into law comprehensive foreclosure legislation which provides additional critical protections for New York State homeowners, tenants and neighborhoods in the wake of the ongoing foreclosure crisis.

Assembly Protects Homeowners, Tenants By Strengthening Foreclosure Law

Albany, NY - November 16, 2009 - (RealEstateRama) -- Assembly Speaker Sheldon Silver, Judiciary Committee Chair Helene Weinstein, Banks Committee Chair Darryl Towns and Housing Committee Chair Vito Lopez today announced the passage of a measure that strengthens current foreclosure law to protect homeowners and tenants

Governor Paterson Announces Passage Of Comprehensive Foreclosure Legislation

Albany, NY - November 16, 2009 - (RealEstateRama) -- Governor David A. Paterson and Legislative Leaders today announced passage of the Governor’s Program Bill No. 46, which provides additional critical protections for New York State homeowners, tenants and neighborhoods in the wake of the ongoing foreclosure crisis.

Rehab Completed on 20-unit Building in Harlem: Low Income Residents Prepare for Homeownership in...

NEW YORK, NY - October 30, 2009 - (RealEstateRama) -- The Urban Homesteading Assistance Board (UHAB) announces the completion of rehabilitation and permanent financing of 20-units of affordable housing that will soon become a low-income cooperative.

Higgins Announces Foreclosure Prevention Counseling Grant for CHRIC

Jamestown, NY - October 12, 2009 - (RealEstateRama) -- With the backdrop of a foreclosed house acquired by CHRIC in Jamestown’s PRIDE neighborhood, Congressman Brian Higgins announced today that Chautauqua Home Rehabilitation and Improvement Corporation is receiving $26,640 to support the agency’s foreclosure prevention counseling efforts.

Senator Klein and Senator Morahan unveil new data showing 354 homes went into foreclosure...

NEW YORK, NY - October 2, 2009 - (RealEstateRama) -- Senator Jeff Klein (D-34th Senate District) and Senator Thomas Morahan (R-38th Senate District) presented...

Suozzi Hosts First Housing Lottery In Nassau County For Foreclosed Properties

MINEOLA, NY - September 14, 2009 - (RealEstateRama) -- Nassau County Executive Thomas R. Suozzi today hosted Nassau's first Neighborhood Stabilization Program lottery for first-time homebuyers to purchase foreclosed properties in Nassau County.

HUD announces disaster assistance for New York storm victims

WASHINGTON, DC - September 2, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to three western New York counties and provide support to homeowners and low-income renters forced from their homes following last month's severe storms and flooding.

Thompson: Nearly 5,000 Homeowners Call Foreclosure Prevention Helpline

New York, NY - August 13, 2009 - (RealEstateRama) -- New York City Comptroller William C. Thompson, Jr. today announced that nearly 5,000 individuals and families have called his Foreclosure Prevention Helpline to ask for help to avoid losing their homes.

Cuomo Announces Lawsuit Against “Amerimod” Loan Modification Company To Protect Distressed Homeowners Facing Foreclosure

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- Attorney General Andrew M. Cuomo today announced that his office has filed a lawsuit against New York-based American Modification Agency, Inc. (“Amerimod”), one of the largest foreclosure rescue companies in the country, and its owner Salvatore Pane, Jr. for engaging in a wide variety of deceptive business practices and false advertising to induce beleaguered homeowners on the brink of foreclosure to sign up for their services.

NEW YORK TOTAL FORECLOSURE ACTIVITY INCREASED IN THE SECOND QUARTER; DOWN OVERALL FROM PREVIOUS...

New York, N.Y. - July 29, 2009 - (RealEstateRama) -- The New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the second quarter ending June 30, 2009. According to RealtyTrac there were foreclosure filings on 13,664 properties in New York during the second quarter, representing a 15 percent decrease compared to the second quarter of last year and a 24 percent increase over the previous quarter

Hudson Valley Housing Summit Focuses on Foreclosure

Albany, NY - July 24, 2009 - (RealEstateRama) -- Commissioner VanAmerongen participated in the third annual Patterns for Progress Housing the Hudson Valley Conference, held recently at Marist College in Poughkeepsie. Residents, community leaders, bankers, and real estate professionals gathered for a discussion of housing issues facing the Hudson Valley.

New York Total Foreclosure Activity Increased in Second Quarter; Down Overall from Previous Year

New York, NY - July 27, 2009 - (RealEstateRama) -- The New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the second quarter ending June 30, 2009. According to RealtyTrac there were foreclosure filings on 13,664 properties in New York during the second quarter, representing a 15 percent decrease compared to the second quarter of last year and a 24 percent increase over the previous quarter.

Senator Optimistic About Potential Benefits of Proposal Under Consideration By Obama Administration Officials

WASHINGTON, DC - July 16, 2009 - (RealEstateRama) -- U.S. Senator Charles E. Schumer (D-NY) gave a preliminary endorsement Thursday to a proposal under consideration by the Obama administration that would allow troubled homeowners on the verge of foreclosure to remain in their homes as renters.

Mayor Bloomberg Announces Public Campaign to Help More New Yorkers Get Free Foreclosure Prevention...

New York, NY - June 11, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg today announced a new public campaign to encourage more New Yorkers to get the free legal assistance, mortgage counseling and education services that are available through the Center for NYC Neighborhood network of providers. While the program has been effective for those who have taken advantage of it, many New Yorkers who have suffered foreclosure filings have not sought the free help. The campaign will urge New Yorkers to call 311 and will highlight the confidentiality of the services.

Cuomo Announces Intent To Sue ‘Amerimod’ Loan Modification Company In Investigation Of Foreclosure Rescue...

NEW YORK, NY - June 9, 2009 - (RealEstateRama) — Attorney General Andrew M. Cuomo today announced his office is taking legal action against a leading New York foreclosure rescue company for charging illegal up-front fees and engaging in consumer fraud.

Eight Sentenced in Multimillion-Dollar Mortgage Fraud and Foreclosure Rescue Schemes

New York, NY - June 4, 2009 - (RealEstateRama) — LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, announced that ALEKSANDER LIPKIN, a/k/a "Alex," GARRI ZHIGUN, GALINA ZHIGUN, JOSEPH PAPERNY, FAINA PETROVSKAYA, JOHN GELIN, TOMER SINAI, and DANIEL MIKHLIN were each sentenced by United States District Judge RICHARD J. HOLWELL

Governor Paterson Unveils Comprehensive Foreclosure Legislation To Strengthen Protections For Homeowners, Tenants And Neighborhoods

Albany, NY - June 3, 2009 - (RealEstateRama) — Governor David A. Paterson today announced legislation that would build upon a landmark subprime lending reform law enacted last year by providing additional critical protections for New York State homeowners, tenants and neighborhoods in the wake of the ongoing foreclosure crisis. The bill would help homeowners currently at risk of foreclosure and minimize the negative impact that foreclosures can have on a community.

Four Indicted in $3 Million Mortgage Fraud and Foreclosure Rescue Scheme

New York, NY - May 20, 2009 - (RealEstateRama) — LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST JR., the Assistant Director-in-Charge of the Federal Bureau of Investigation's New York Field Division ("FBI"), and BRIAN G. PARR, the Special Agent-in-Charge of the New York Field Office of the United States Secret Service ("USSS"), announced the filing yesterday of a six-count Indictment against LAVETTE M. BILLS, KIRK LACEY, OMAR HENRY, and PETER CHEVERE, charging them with perpetrating a mortgage fraud scheme involving loans totaling over $3 million on at least six different residences.

DHCR Wraps-Up Series of Regional Meetings with Foreclosure Prevention Professionals Across the State

New York, NY - May 18, 2009 - (RealEstateRama) — DHCR recently wrapped-up a series of six meetings it held throughout the state with housing counselors and legal service providers involved in assisting homeowners under New York's $25 million Subprime Foreclosure Prevention Program.