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Foreclosure Prevention

The Foreclosure Prevention Project is committed to redressing the economic and social inequalities created by predatory lending practices.

In New York City, predatory lending practices threaten thousands of homeowners with foreclosure, stripping them of valuable equity in their homes. Predatory mortgage lending involves an array of abusive practices, including excessive points and fees, high-pressure sales tactics, misrepresentation of loan terms, aggressive solicitation of minority neighborhoods, and making loans without regard to the borrower’s ability to repay. Predatory lending has a disproportionate impact on minority and elderly homeowners, who often rely on their homes as their only form of financial security.

In the nearly ten years since its founding, the Foreclosure Prevention Project has assisted thousands of homeowners who have been targeted by predatory lenders. The Project litigates fair housing, consumer protection and other claims on behalf of homeowners in federal and state court; provides advice, advocacy and referrals to homeowners; conducts workshops about predatory lending for low- and moderate-income homeowners, and trains and advises community advocates and attorneys who serve at-risk communities.

The Foreclosure Prevention Project screens referrals from neighborhoods throughout New York City regardless of zip code. If you have an emergency be sure to describe the circumstances in your message. For non-emergency calls it may take several days for our staff to return your call.

To get help from the Foreclosure Prevention Project, please leave a message with the project’s hotline at 718-246-3279

Funding

The Foreclosure Prevention Project is generously funded by:

  • The U.S. Department of Housing and Urban Development
  • Center for New York City Neighborhoods
  • Robin Hood Foundation
  • The Institute For Foreclosure Legal Assistance
  • FJC: A Foundation of Philanthropic Funds
  • Division of Housing and Community Renewal
  • New York State Banking Department
  • Leona and Harry B. Helmsley Foundation Inc.

Unit Staff

NYS Attorney General announces intent to sue Bank of America and Wells Fargo for violations of national mortgage settlement

South Brooklyn Legal Services stood with Attorney General Eric T. Schneiderman yesterday as he announced his intention to sue Bank of America and Wells Fargo for repeatedly violating the terms of the National Mortgage Settlement.

Attorney General Schneiderman announced the legal action at his office. The Attorney General was joined by New York Communities for Change, Center for New York City Neighborhoods, Empire Justice Center, Faith NY, South Brooklyn Legal Services, and representatives of housing counseling agencies and legal services organizations that assisted his office in documenting violations by the banks. He was also joined by homeowners who have suffered delays in the mortgage modification process in violation of the Servicing Standards.

...continue reading "NYS Attorney General announces intent to sue Bank of America and Wells Fargo for violations of national mortgage settlement" >

* (Foreclosure Prevention) 7 May 13 More Foreclosure Prevention spotlights >

Statewide Campaign to Save the Foreclosure Prevention Services Program Lobbies to Keep Funding

Today the New York State Assembly held a hearing to examine New York’s ongoing foreclosure crisis and its impact on communities, and to address the need for continued funding for foreclosure-prevention housing counseling and legal services. The incredibly cost- effective state program that provides those services will run out of funding at the end of this year. The State, like much of the rest of the country, remains embroiled in a foreclosure crisis that began as a result of predatory lending practices but has now ballooned with the economic crisis and massive loss of jobs in the State since 2009.

...continue reading "Statewide Campaign to Save the Foreclosure Prevention Services Program Lobbies to Keep Funding" >

* (Foreclosure Prevention) 7 November 11 More Foreclosure Prevention spotlights >

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