A state program that assists homeowners struggling with mortgage payments has assisted with 6,600 approved and pending changes to loans, according to state Attorney General Eric Schneiderman.
Schneiderman was in Binghamton today to tout his Homeowner Protection Program, which was launched in October 2012. Through a telephone hotline and a website that launched in October 2012, the program has “served 23,760 New Yorkers statewide,” according to a news release from Schneiderman’s office.
The program—which was launched with $60 million in state funds over three years—has also delegated funding to 36 legal groups and 56 housing counseling organizations specializing in foreclosures, according to Schneiderman’s office.
“By rehabilitating towns still reeling from the housing market collapse, we can ensure that all New Yorkers can feel safe and secure in their homes,” Schneiderman said.
Schneiderman also touted his “zombie property” bill, which would force banks to take care of a property soon after its occupants abandon it, rather than when the foreclosure proceeding is completed.
(AP file photo)