JOE ROBACH AND OFFICE ACCOUNCE FORECLOSURE HELP AT GATES LIBRARY

Joe Robach and Office announced today that Representatives from the New York State Department of Finance and Monroe County Housing Council will be offering foreclosure help, and financial advice related to home ownership, to area residents at the Gates Public Library tomorrow evening.

Joe Robach and Office reminds residents that if mortgage payments are missed, you may lose your home through foreclosure. Your lender can use foreclosure as a legal means to repossess your home. If you owe more than your property is worth, a deficiency judgment is pursued. Both foreclosures and deficiency judgments have a negative impact on your future credit. You should avoid foreclosure if at all possible.

These steps can help:

  • Do not ignore the letters from your lender. If you’re having problems making your payments, call or write to your lender’s loss mitigation department immediately. Explain your situation. Be prepared to provide them with financial information, such as your monthly income and expenses, loan documents/ type of mortgage, tax returns, the amount of equity in your home. Without this information, they may not be able to help.
  • Stay in your home for now. You may not qualify for assistance if you abandon your property. For example, the Hope for Homeowners program only offers 30-year fixed-rate mortgages to owner occupiers.
  • Contact a HUD-approved housing counseling agency. Call 1-800-569-4287 or TDD 1-800-877-8339 for the housing counseling agency nearest you. These agencies, along with the New York State Department of Finance and Monroe County Housing Council, are valuable resources.

This event is a great example of New York State and Monroe County working together to help New York State homeowners and property taxpayers. This free program is being hosted by the Gates Public Library on Thursday, October 10th from 9:00 AM – 5:00 pm.

Mortgage Assistance: Thursday, October 10 from 9am to 5pm., for homeowners facing the possibility of foreclosure. Representatives from NYS Department of Finance will be at Gates Public Library to help homeowners find alternatives to foreclosure and understand their rights.

Joe Robach and Office remind homeowners that they should bring all relevant documents, and information can be obtained from the foreclosure hotline, 1-800-342-3736. Housing Counselors from Monroe County Housing Council will also be on hand.