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Groups Gather to Assist New York Homeowners Impacted by Sandy

Over the weekend, key players gathered in Long Island to assist struggling homeowners affected by Hurricane Sandy.

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The ""HOPE NOW Alliance"":http://www.hopenow.com/index.php organized the event, which provided face-to-face help from mortgage servicers, non-profit housing counseling organizations, and insurance companies, among others.

HOPE NOW announced nearly 300 families showed up to receive assistance.

Examples of servicers who attended include Bank of America, Chase, Citi Mortgage, GMAC Mortgage, Homeward Residential, HSBC, Nationstar, Ocwen, OneWest, PNC, Select Portfolio Servicing, Seterus, SunTrust, US Bank, and Wells Fargo.

HUD-approved, non-profit housing counseling agencies that took part in the event included American Debt Resources, Community Development Corp of Long Island, Long Island Housing Partnership, Long Island Housing Services, and Nassau County Office of Housing and Community Development.

Insurance companies in attendance included Assurant, USAA, New York Property Insurance Underwriting Association, Travelers, Allstate, Hartford, Nationwide, New York Central Mutual, and Liberty Mutual.

The GSEs also participated.

""Many organizations came together, in a very short amount of time, to make this event happen,"" said Faith Schwartz, executive director of HOPE NOW, in a statement.

""HOPE NOW is grateful to all who donated time, funding and resources to spend nine hours on a Saturday, for the sole purpose of assisting those in need,"" she continued. ""Events, such as the one held this past weekend, serve as a reminder that face to face assistance to families looking for housing solutions is what HOPE NOW and its partners do best. As we close out another year of successful events and look ahead to 2013, we remain committed to helping homeowners find viable alternatives to foreclosure.""

The event was co-sponsored by New York State Attorney General Eric T. Schneiderman, NeighborWorks America, Federal Reserve Bank of New York, Long Island Housing Partnership, and CDC Long Island.

HOPE NOW is an industry-created alliance of mortgage servicers, investors, counselors, and other mortgage market participants.

About Author: Esther Cho

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