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.”