Margert in the News
Margert Announces Free 3-Day Walk-In Foreclosure Clinic
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This November, Margert is presenting a very special
"walk-in" event to assist homeowners to obtain loan modifications and save their
homes.
The purpose of the MCC Mortgage Foreclosure Prevention
Clinic is to provide homeowners in mortgage delinquency and/or foreclosure with
immediate access to available resources and/or options.
We will provide a full intake and screening process for the
3 days, individual (one to one) and group counseling, plus prepare & submit ALL
completed HAMP/Loss Mitigation requests to the servicers that are signed up
through the HOPE Loan Port.
For Non HAMP/Non Hope Loan Port servicers we will also
complete workout requests, but please be aware that there may be a delay in
submitting those requests to the servicers.
Margert is presenting this Walk-in Clinic for homeowners
facing foreclosure and will assist in creating an appropriate & immediate ACTION
PLAN for the client to remedy his or her situation, and/or produce the most
favorable outcome.
DATES: Thursday, Friday & Saturday, November 18th, 19th & 20th
TIME: Thursday & Friday: 8AM - 8PM; Saturday: 8AM - 5PM
LOCATION: Fr. Tessier Learning Center (TLC)
Call (718-471-3724) or email
Julissa Arias to pre-register!
View
outreach flyer.
Required Documents:
Foreclosure Counseling Document Checklist
Homeowner Information Worksheet (fillable MSWord doc)
Counseling
Agreement
Authorization
Form
Counseling Disclosure Statement
Please help us to make the best use of everyone's time - including your own -
during this important event. Open the above documents, review them
thoroughly and carefully, print, complete (to the best of your ability) and
bring them with you to your appointment.
Walk-ins are welcome, but please follow the above protocol even if you
haven't pre-registered.
Margert Community Corporation is a New York State Division of
Housing and Community Renewal (DHCR) Neighborhood Preservation Company, a HUD
and HPD approved housing counseling agency and a partner with NEDAP and the
Center for NYC Neighborhoods in protecting homeowners from foreclosure and
predatory lending.
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New York City Home Prices
Inching Upward
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crainsnewyork.com,
November 10, 2010
NYC home price gains small, but better than national average.
Price increases here buck national dip; Spuyten Duyvil and Inwood see
biggest jumps, while East Harlem and SoHo feel biggest declines.
New York City home prices are inching upward, even as they continue to fall
in the nation as a whole.
The median home value in the five boroughs hit $455,900 at of the end of
September, up 0.6% from a year ago and 1% from the second quarter, according to
data released Wednesday by Zillow Real Estate Market Reports. By contrast, the
U.S. median home value declined 4.3% to $179,900 in the third quarter.
Even home values in normally recession-proof Washington, D.C., slipped 3.1%
to $316,500 from last year, while they tumbled 6.6% to $189,600 in Chicago.
View full story.
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List of Problem Banks Grows
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By: Reuters with CNBC.com
The number of banks on the
Federal Deposit Insurance Corp's
confidential "problem" list grew over the summer even while
the overall industry posted solid net income. The FDIC
says its list of troubled banks rose to 860 in the
July-September quarter from 829 in the previous quarter.
At the same time, the FDIC says banks earned $14.5 billion
during the third quarter. That was a decrease from the
previous quarter's result of $21.4 billion, but well above
the $2 billion banks earned a year earlier.
The FDIC says banks set aside less money to cover future
loan losses than at any time since the October-December
quarter of 2007, before the financial crisis. Fewer
borrowers were behind on payments for credit cards and
construction loans.
U.S. bank industry earnings fell by almost $7 billion in the
third quarter but were far better than a year ago as the
industry continues to recover from the financial crisis.
"The industry continues making progress in recovering from
the financial crisis," FDIC Chairman Sheila Bair said in a
statement. "Credit performance has been improving, and we
remain cautiously optimistic about the outlook."
View full story.
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Margert Awarded $ 300,000 for NYS HCR LPA Programs
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NYS Homes and Community Renewal 2010 Local Program Awards
Margert Community
Corporation was recently
awarded $ 225,000 to administer the NYS HOME program to provide home ownership
assistance to individuals and families. These assisted units will be targeted
for persons who are first time home buyers.
Additional funding will be
provided by private lenders, the Affordable Housing Program, the Weatherization
Assistance Program, the Center for New York City Neighborhoods (CYNCN), the NYS
DHCR Office of Community Renewal, the Neighborhood Economic Development Advocacy
Project (NEDAP), and the NYC Department of Housing Preservation and Development
(HPD).
Margert was also awarded $ 75,000 to
administer the NYS DHCR RESTORE program to provide
emergency home repairs for homeowners who are elderly, homeowners who are
elderly with physical disabilities, and homeowners who are frail elderly.
Additional funding will be provided by the New
York City Office for Aging (DFTA) and the Weatherization Assistance Program.
View all NYS HCR
2010 Local Program Awards
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