By John Golden — October 30, 2014

Speaking Monday at a regional housing summit in New Windsor, state Attorney General Eric T. Schneiderman announced he will allocate an additional $40 million from New York’s share of a national mortgage settlement to extend for two years his office’s Homeownership Protection Program for distressed borrowers facing the loss of their homes.

The program, a statewide network of 89 housing counseling and legal services providers, assisted nearly 34,000 New York homeowners in its first two years of operation, according to Schneiderman’s office in a report released during the Democratic attorney general’s appearance at the annual housing summit of Hudson Valley Pattern for Progress. The program provides counselors and lawyers to help delinquent or defaulted borrowers through the loan modification or foreclosure process with mortgage lenders and the courts.

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Click for more information on CHI’s Foreclosure Prevention program.