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September 29 Mortgage Check-Up Event Provides Relief | Community Spirit

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September 29 Mortgage Check-Up Event Provides Relief
September 29 Mortgage Check-Up Event Provides Relief

Court filings for foreclosure in Western New York continue to be a problem, a report from the Federal Reserve Bank of New York states that there are roughly 2,000 homeowners in active foreclosure in Erie County alone. A Mortgage Check-Up event on Saturday, September 29 will provide Western New York homeowners worried about their mortgages with the opportunity for a quick, easy and confidential way to address their concerns.

The Mortgage Check-Up is sponsored by West Side Neighborhood Housing Services in partnership with Fillmore Leroy Area Residents (FLARE), Western New York Law Center, Legal Aid Bureau of Buffalo and Legal Services for the Elderly & Disabled. Counselors and lawyers will consult homeowners privately from 11 a.m. to 1 p.m. at the FLARE office at 307 Leroy Ave.

The reason for the expected increase in Western New York foreclosures lies in the state’s long foreclosure waiting period, made longer by legislation passed last year.

“Fear, confusion and lack of information is a serious problem when it comes to the Foreclosure Process” said Ed Jackson, Foreclosure Prevention Counselor at West Side Neighborhood Housing Services.

The good news, Jackson said, is that most homeowners have time to address their mortgage issues. The bad news is that the longer they and the longer don’t make payments, the worse the problem becomes.

“The worst thing you can do is nothing,” said Jackson. “If you’re struggling to make your monthly payments due to high interest rates, think you may be in a subprime or predatory mortgage situation, or have received a notice from the court, we can help!”

To register for the Check-Up or to get more information, please visit www.WSNHS.org, call West Side Neighborhood Housing Services at (716) 885-2344 or just drop in at FLARE between 11am and 1pm.

West Side Neighborhood Housing Services is part of the national NeighborWorks® network, an affiliation of more than 230 nonprofit organizations that increase homeownership, produce affordable housing and revitalize neighborhoods in more than 4,400 communities across the nation. The agency partners with Black Rock-Riverside Neighborhood Housing Services to provide full-cycle lending products to strengthen neighborhoods through successful homeownership in the communities west of Main Street in the city of Buffalo.

 

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