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Mayor Bloomberg: NYC Can Help You Keep Your Home


foreclosure2.jpgMayor Bloomberg and housing advocates launched an ad campaign to remind people that the city can help prevent foreclosure.

“When homes go into foreclosure, everyone, not just the families losing their homes, are affected,” Mayor Bloomberg said as he unveiled the campaign.

“Vacant foreclosed homes can become derelict eyesores but also bring down the values and threaten the security of every house on the block.”

The campaign, by the city and the nonprofit Center for NYC Neighborhoods, will urge people facing foreclosure to call 311 so they can be connected with legal advocates who can help negotiate with creditors.

Those advocates, mostly nonprofit organizations, are poised to get $2 million from the next city budget for foreclosure relief services.

Bloomberg appeared with Philadelphia Mayor Michael Nutter, whose city has a program requiring mortgage holders to negotiate with homeowners before taking their home.

Bloomberg called on Albany to create a similar policy in New York State.

(Source: NY Daily News)



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