The Capital District HomeSave Coalition and Affordable Housing Partnership have sponsored a training event for over 100 housing counselors in New York area. The event provides training to housing counselors to enable them to better offer homeowners a quality foreclosure prevention service.
Guest speaker New York Division of Housing and Community Renewal’s executive deputy commissioner Brian E. Lawlor told housing counselors during the training session that the sooner homeowners who are about to lose their properties seek for assistance, the better their chances of reaching a fair settlement.
He said that New York foreclosure affects everyone, the lender, homeowner, neighbors and the community.
According to Lawlor, a bill, addressing the New York foreclosure problem, can help homeowners who are in some form of foreclosure proceedings by requiring lenders to inform homebuyers of the free home counseling.
He pointed out that before lenders can foreclose, they are mandated to inform at-risk homeowners of the availability of free counseling to help them resolve their issues. He added that once the foreclosure process starts, lenders are mandated to attend settlement conferences.
Meanwhile, coalition coordinator and Affordable Housing Partnership executive director Susan Cotner emphasized that the foreclosure prevention service is provided for free, handled by well-trained counselors and available to homeowners regardless of their income.
In 2008, housing counselors worked with over 200 homeowners in the area to try to help them save their properties, according to Cotner.
On the other hand, Better Neighborhoods Inc. assistant director Ellie Pepper said that foreclosure and difficulty of getting a mortgage loan are major problems facing homeowners. She assured homeowners who are about to lose their properties not to be embarrassed and seek help before it is too late.
Meanwhile, Albany County Rural Housing Alliance counselor Stephanie Galvin gave an assurance that well-trained counselors will give their best to provide lenders and buyers a better and fair solution to their foreclosure problem.
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