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Tag Archives: avoiding foreclosure

New York AG Highlights Success of Home Retention Programs

Schneiderman said the three programs his office has created, the Homeowner Protection Program (HOPP), the New York State Mortgage Assistance Program (NYS MAP), and AGScamHelp.com, have benefited tens of thousands of homeowners in New York State by helping them avoid foreclosure and keeping them in their homes.

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Senator Proposes Legislation to Help Underwater Borrowers Avoid Foreclosure

Menendez's bill seeks to help both homeowners and lenders. In exchange for reducing the amount of principal owed, banks would be entitled to a portion of any future increase in value the home might experience. This gives the underwater homeowners relief on their mortgages while banks take a short-term reduction in exchange for a long-term gain pending the housing market recovery.

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New York AG Commits More Funds to Homeowner Protection Program

The office of New York Attorney General Eric Schneiderman will be committing up to $40 million to aid organizations that work through the Homeowner Protection Program (HOPP) to provide housing counseling and legal services to struggling homeowners, Schneiderman announced on Monday.

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