June 6, 2018

NYLAG joined the AARP, and thirty-one other groups to urge the New York State Senate to pass a bill (S6171-Hamilton/A1408-Weinstein) that would help keep unsuspecting homeowners from falling victim to scammers who promise to help them restructure their mortgage loans but never do.

NYLAG’s Rose Marie Cantanno, Associate Director for the Consumer Protection Unit had this to say: “Countless Long Island homeowners are still reeling from predatory loan practices that devastated local communities. Now, these same homeowners are encountering new threats from deed-theft scammers who prey upon those who are desperately fighting foreclosure and only seek to provide a stable home for their families. The New York Home Equity Theft Prevention Act and Distressed Property Consultant laws provide homeowners the ability to fight back and save their homes.”

 

Read the full release here.