NEW YORK (Legal Newsline) – New York Attorney General Eric T. Schneiderman announced Dec. 14 that his office has secured an additional $20 million in funding for the fifth year of the Homeowner Protection Program (HOPP).

Schneiderman also announced the launch of the Foreclosure Rescue Scam Prevention Initiative, a new grant program aimed at growing outreach, education and referral services for homeowners at risk of fraudulent foreclosure rescue schemes.

 

Schneiderman’s total investment in the HOPP initiative has now reached $100 million since 2012; $350,000 of the funds will go to housing organizations across New York City, Long Island and the Hudson Valley. Foreclosure scams have been highly prevalent in these areas.

 

“New York has led the nation in developing innovative ways to address the fallout from the foreclosure crisis – including the Homeowner Protection Program, so folks wouldn’t lose their homes because they didn’t have access to an attorney,” Schneiderman said. “Now, with foreclosure rescue scams on the rise, we are enhancing HOPP’s capacity to empower our most vulnerable homeowners to avoid becoming victims of these scams.”

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