Event Aims To Keep Local
Residents in Their Homes
BROOKLYN — In an effort to help residents of Brooklyn remain in their homes and prevent foreclosure, New York City Comptroller William C. Thompson Jr. will host his “Save Our Homes” initiative on Saturday, Dec. 6 at Nazareth Regional High School, 475 East 57th St., East Flatbush, from 10 a.m. to 3 p.m.
“While we have seen a decrease in the numbers of foreclosures in Brooklyn, we must do all we can to aid those currently in danger of losing their homes,” Thompson said. “We will continue to work with all affected by this crisis to ensure they are afforded every option possible.”
New York City as a whole saw a 53 percent increase in the number of homes at the final stage of foreclosure (383) in August 2008 compared to a year ago (250). However, Brooklyn saw a drop of 13 percent in the past year (52 in August 2007 compared with 45 in August 2008) according to PropertyShark.com.
The free event will provide homeowners with the opportunity to meet with financial servicers and learn ways to avoid foreclosure. If an attendee’s servicer is not present at the event, the Comptroller’s Office will conduct outreach on behalf of that individual to facilitate communications between the two parties.
In addition, trained staffers from the Comptroller’s Office, non-profit groups, and legal service organizations will be on hand to offer advice to attendees.
“We see that more than 50 percent of people who enter foreclosure do so because they do not know where to turn,” Thompson said. “By bringing people face-to-face with financial servicers, we can create a dialogue between the parties and bring everybody one step closer to a solution.”
Last month, the comptroller released a revised job-loss forecast which stated that New York City could lose more than 165,000 jobs over the next two years. In addition, recent reports indicate that more families are becoming homeless as they face economic pressure and struggle with foreclosure.
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