State to teach people how to save their homes

State officials are going to teach homeowners - behind in their mortgage payments - how to work with their lenders and possibly save their homes

NEW YORK - State officials are going to teach homeowners - behind in their mortgage payments - how to work with their lenders and possibly save their homes from foreclosures.

The State Senate Democratic Conference is kicking off "Operation Protect Your Home." It's a series of forums where homeowners can meet with lenders to learn how to hold off or prevent foreclosure.

Organizers say 20,000 high-risk homeowners have been invited to attend.

Last year, there were close to 6,500 foreclosures in Brooklyn. That's one of the highest numbers in all of New York state.

State Banking Superintendent Richard Neiman says more than 50 percent of the borrowers who go through foreclosure never have any direct contact with the lender. He says that means they have either given up or they did not have any other options to save their homes.

Officials say the last thing a bank wants is to own your house.

The seminars will begin Saturday, February 23 at Cardinal Spellman High School in the Bronx at noon. And at Staten Island Community College Sunday, February 24, also at noon.

Associated Press wire reports contributed to this story.

advertisement | advertise on News 12

Trending Video

Police are calling the death of a 78-year-old 1 Police call 78-year-old woman's death suspricious
VIDEO: Discovery of human remains in freezer shocks 2 VIDEO: Discovery of human remains in freezer shocks neighbors
Pauline Garner says she has been sleeping on 3 NYCHA tenant without furniture after ceiling leak
Nassau and Suffolk Police are intensifying patrols at 4 Stepped up patrols at places of worship after JCC threats
Big Daddy's in Massapequa has a celebration ready 5 LI Winter: Mardi Gras at Big Daddy's

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE