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Attorney General Combats Zombie Mortgages

New York State's Attorney General is trumpeting the success of his program to combat zombie properties.
New York State's Attorney General is trumpeting the success of his program to combat zombie properties.

Eric Schneiderman visited the Metro Interfaith office at Lincoln Court in Binghamton today to discuss his Homeowner Protection Program. HOPP allocates money to legal services and housing counselors to help people under threat of foreclosure.

The Attorney General's office also works on behalf of homeowners to convince lenders to renegotiate mortgages. Scheiderman says no family should lose their home simply because it can't afford a lawyer.

"When I took office, 345,000 families, 345,000 New York families were facing foreclosure and half did not have a chance ever to talk to a lawyer or a housing councilor," said Schneiderman.

His office hopes to reduce the number of so-called zombie properties where an owner, behind on payments, abandons a building but the bank does not foreclose. Often, such structures are left to rot and decay. Locally, Metro Interfaith assists struggling homeowners using HOPP funding.

For information on its services, call 723-0723.
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