New GSE Mortgage Relief Program for Superstorm Sandy Victims

Para leer en español   Homeowners that didn’t qualify for the Making Home Affordable (HAMP) program because of the GSE Fannie Mae or Freddie Mac mortgage now have an option. New York Governor Andrew Cuomo announced a new relief program for home owning victims of Sandy. According to a release issued by the governor’s office, [...]

Prevent Foreclosure: Attorney General Launches Free Homeowner Protection Program

Five years into the foreclosure crisis, the fight against allowing banks to foreclose on these properties in our communities continues. New York Attorney General Eric T. Schneiderman continues to be a fervent leader towards this end with the launch of his public service campaign “Signs” to prevent foreclosure. As a result of the National Mortgage [...]

The Struggle Against Fraudulent Foreclosure Rescue Companies

Two recent decisions by Long Island Judges are finally slowing down the scam operations of so-called foreclosure rescue companies. Two companies, Express Home Solutions (aka Home Preserve Law Group) and Homesafe America have been issued restraining orders to stop them from, according to one judge, using  “fast-talking salespeople and masterfully deceptive websites”  to defraud more [...]

Beware of Mortgage Rescue Scams!

Many people, desperate to save their homes, are being victimized by foreclosure rescue companies. Many of these companies promise to negotiate with mortgage banks for lower rates, get payment forgiveness and other benefits in exchange for illegal upfront fees —promises they won’t or can’t actually fulfill. As a result, consumers may find themselves further in [...]