Raia & Conte To Host Foreclosure Prevention Seminar

February 9, 2009

Assemblymen Andrew Raia (R,I,C-East Northport) and Jim Conte (R,I,C,WF-Huntington Station) today announced that they are hosting a foreclosure prevention seminar at the Upper Room Christian World Center in Dix Hills on February 26 at 6 p.m.

Assemblyman Conte noted that the seminar was conceived to provide concerned homeowners with expert advice as a way to help prevent unnecessary home foreclosures.

“Many Long Island families are facing foreclosures due to the tough economic times and the volatile housing market,” said Conte. “It is my hope that by giving homeowners the opportunity to meet with housing and legal experts, we will be able to provide them with answers and solutions they need to avoid losing their homes.”

Participants in the two-hour informational session include mortgage counselors from the Long Island Housing Partnership and from Housing Help, Inc., representatives from the Nassau/Suffolk Legal Services as well as the Office of the New York State Attorney General, and members from the Economic Opportunity Council of Suffolk Inc., American Debt Resources Inc., the Wyandanch Community Development Corporation and the New York State Department of Banking. Participants will answer questions about the options available to homeowners as they navigate the foreclosure process.

Said Raia, ranking Minority member on the Assembly Banks Committee, “The housing market collapse and increasing unemployment rates have created a toxic environment for property owners on Long Island. Those homeowners facing foreclosure should attend this seminar and presentation. My office is here to help.” In 2008, the lawmaker co-sponsored Assembly bill 8881, legislation to prevent banks and other financial institutions from immediately foreclosing on borrowers and seizing their homes; that same year he also co-sponsored a bill to provide more funds to not-for-profit foreclosure-prevention counselors.

According to RealtyTrac, a leading online marketplace for real estate data, there were 9,025 total filings for residential property owners in the first three quarters of 2008 in Suffolk and Nassau counties. Total filings represent all notices of foreclosures, trustee sales, borrower default and real estate owned by the banker or lender as a result of home foreclosure.

Anyone interested in attending the seminar should bring their mortgage, default, and/or foreclosure paperwork so that they can be reviewed during the initial consultation.

To ensure adequate consultation time for each attendee, Assemblyman Raia is asking those interested in attending to RVSP for the seminar by calling his district office at (631) 261-4151 or Assemblyman Conte’s district office at (631) 271-8025.