[RCAC Webinar] Core Competencies for HUD Certification Series: Avoiding Foreclosure

This six-part webinar course will prepare you for the HUD Housing Counselor Certification exam by covering all 6 Core Topics that housing counselors need to be competent: 1. Financial Management; 2. Property Maintenance; 3. Homeownership and Tenancy; 4. Fair Housing and other Civil Rights Laws and Requirements; 5. Housing Affordability; 6. Avoidance of rental and […]

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[HOPP] Webinar on Tax Issues in Foreclosure Cases

This webinar will cover basic tax issues that arise in foreclosure cases, including income from the discharge of indebtedness, tax liens, collection alternatives, and income from settlements and awards. The CLE will also address recent developments in income taxation, specifically private debt collection for outstanding federal tax liabilities. Our Panelist: Christopher Fasano, MFY Legal Services […]

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Protecting Senior Homeowners from Reverse Mortgage Foreclosure: A Policy Brief

Reverse mortgages allow homeowners 62 and older to tap into their home equity while remaining in their homes. This product is a useful and necessary resource for many senior homeowners with incomes that are insufficient to cover their living expenses. In ideal cases, reverse mortgages are not due and payable until the borrower dies or […]

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New York foreclosure data explained

Real estate data companies are releasing regular reports on the housing market in New York City, sometimes with eye-popping statistics about sudden spikes in foreclosures and high rates of re-default. These reports are great hooks for news stories, and give the media a chance to highlight working- and middle-class families who are still struggling years […]

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[Counselor’s Corner Webinar] Recovery After Foreclosure

To register: https://register.gotowebinar.com/register/1148451269501942531 The mortgage crisis is just about over in most areas of the country and the housing market is improving. However, there are many former homeowners who lost their properties over the past several years and they still need your help to reclaim their lives after their experiences. There are no “rules” around […]

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Assess Foreclosure Prevention Options

Depending on the homeowner’s situation, there may be one or more options for preventing foreclosure. Some general tips to remember: • Assess what options, if any, are available for the homeowner’s loan type and/or what options are available through the servicer for non-guaranteed mortgages. • After finding out which options the homeowner may be eligible […]

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Deed-in-Lieu of Foreclosure

In a Deed-in-Lieu of Foreclosure, the borrower voluntarily transfers ownership of property to the servicer in full satisfaction of the amount due, provided that the title is free and clear of mortgages, liens and encumbrances (though this can sometimes be negotiated). Like a short sale, a deed-in-lieu can decrease the cost and emotional trauma of […]

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Foreclosure prevention programs face budget crunch (Metro)

Leon Keith nearly lost his three-family home in the Bronx in 2012, after becoming ensnared in a high-profile Ponzi scheme. He credits the foreclosure prevention services operated by the Legal Aid Society helping him in court and in obtaining a loan modification that enabled him to pay his mortgage. (Read the rest of the article […]

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Foreclosure Help for Homeowners Under Threat, Advocates Warn (DNAInfo)

BROOKLYN — Thousands of New Yorkers are at risk of losing their homes years after the foreclosure crisis dominated headlines, and their cases are growing increasingly complex, experts say. Yet, funding for the 32 legal aid and nonprofits in the city that provide free help to homeowners needing loan modifications or other assistance may soon disappear. (Read the […]

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