Assemblyman Raia, right, joined Assemblyman Conte (center) to offer Long Island residents advice on preventing home foreclosure.
Participants in the two-hour informational session included mortgage counselors from the Long Island Housing Partnership and 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. The participants answered questions about the options available to homeowners as they navigate the foreclosure process.
“The housing market collapse and increasing unemployment rates have created a toxic environment for property owners on Long Island,” said Raia. “Those families facing foreclosure should know that my office is here to help.”
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.