Bronx Homeowners Advised How To Keep Their Homes
FRIDAY, MAY 21, 2010

Nearly 100 homeowners in the Bronx received advice and counseling on how to manage or modify their mortgages and keep their homes during a Bronx Homeowners Forum sponsored by the Bronx Borough President Ruben Diaz Jr., State Senator Jeffrey D. Klein, The Legal Aid Society's Bronx Neighborhood Office and Legal Services NYC-Bronx at Fordham University, McGinley Center, on May 13.

“We hope to educate homeowners about the foreclosure settlement conferences that provide them a rare opportunity to have the Court supervise their loan modification application process and break through the morass of lender loss mitigation," said Justin Haines, staff attorney in the Foreclosure Prevention Unit of The Legal Aid Society's Bronx Neighborhood Office. "Additionally, many of the homeowners have paid thousands of dollars to unscrupulous and illegal distressed property consultants who took their money but offered no assistance. At this event, we hope to connect homeowners with legitimate, local foreclosure prevention non-profits who offer the best advocacy resources to Bronx residents."

Bronx News
May 14, 2010
Pols work to keep Bronxites in their homes

On May 13th, Deputy Majority Leader and State Senator Jeff Klein (D-Bronx/Westchester), Bronx Borough President Ruben Diaz Jr., The Legal Aid Society and Legal Services NYC held a Bronx Homeowners Forum at Fordham University.

The forum, the first of its kind in the Bronx, provided free legal advice and mortgage counseling to nearly 100 Bronx homeowners by helping them manage or modify their mortgages. Representatives from Legal Services NYC-Bronx, Legal Aid Bronx Neighborhood Office, Neighborhood Housing Services, The Parodneck Foundation, CHANGER and Common Law provided individual counseling sessions for homeowners.

According to Realtytrac.com, during the month of March 2010, one in nearly every 2,151 housing units in Bronx County received a foreclosure filing. During the same time, more than 4,215 new foreclosure filings were reported in New York State. Klein and Diaz hosted the forum in an effort to curb foreclosure filings in Bronx County and keep more Bronx residents in their homes. “Last month, landmark foreclosure laws went into effect in New York State that will help thousands of homeowners keep the homes they've worked so hard for. Our goal is to make sure all distressed homeowners know their rights - that means now having the opportunity to sit down with a bank representative and modify their loans at a price they can afford,” said Senator Klein.

“While we have been quite fortunate that the Bronx has not experienced the staggering foreclosure rates seen in other parts of the country, we have not remained immune to the crisis. Senator Klein and I remain committed to assisting families and households in the Bronx threatened with the loss of their most valuable asset – their home—and look forward to collaborating with experts in the field to prevent such losses,” said Borough President Diaz.

“As the foreclosure crisis intensifies in the Bronx, and disproportionately affects its working poor, minority and elderly homeowners, we must simultaneously intensify our outreach efforts to advise homeowners of their rights, and of the legal assistance and counseling resources available to them. This event is one of many such efforts that we plan to undertake and I thank Bronx Borough President Diaz and Senator Klein for making this event possible,” said William Loeb, Director of the Foreclosure Prevention Unit for Legal Services NYC – Bronx.

“We hope to educate homeowners about the foreclosure settlement conferences that provide them a rare opportunity to have the Court supervise their loan modification application process and break through the morass of lender loss mitigation, said Justin Haines, Staff Attorney of The Legal Aid Society, Bronx Foreclosure Prevention Unit. Additionally, many of the homeowners have paid thousands of dollars to unscrupulous and illegal distressed property consultants who took their money but offered no assistance. At this event, we hope to connect homeowners with legitimate, local foreclosure prevention non-profits who offer the best advocacy resources to Bronx residents,” said Justin Haines, Staff Attorney at the Legal Aid Society Bronx Foreclosure Prevention Unit.