NY Dept. of Financial Services launches foreclosure-relief effort






Publication: Mortgage Banking
Date published: March 1, 2012

On Feb. 9, New York Superintendent of Financial Services Benjamin Lawsky launched a statewide effort to stem foreclosures. The effort was launched with an event in Suffolk County, the region with the highest number of home foreclosures in the state.

"Governor [Andrew] Cuomo has directed the Department of Financial Services to assist homeowners dealing with foreclosure or the risk of foreclosure," Lawsky said. He added, "Starting today, we will send staff and our command center wherever foreclosures are the biggest problem so we can be on the ground helping New Yorkers. Our message to homeowners is: Seek help as soon as you have a problem. The longer you wait, the harder it may be to save your home."

Department specialists are staffing a mobile command center one day a week in the Town of !slip and a new foreclosure hotline has been set up to field calls Monday through Friday. The hotline number is 1-800-269-0990. Homeowners can also file complaints on the department's website, www.dfs.ny.gov.

Governor Cuomo announced the formation of the foreclosure-relief unit within the Department of Financial Services in his State of the State address.

The department is developing a schedule for mortgage foreclosure specialists to visit other locations in the state using the mobile command center, a 36-foot-long van equipped with computers and other communications systems.

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