NY Dems arm Bronx residents in war on foreclosures

Bronx residents became the first recipients of advice Saturday from a campaign aimed at fighting foreclosures in New York.The New York State Democratic Committee kicked

THE BRONX - Bronx residents became the first recipients of advice Saturday from a campaign aimed at fighting foreclosures in New York.

The New York State Democratic Committee kicked off a series of statewide foreclosure-prevention forums called "Operation Protect Your Home" with an event at Cardinal Spellman High School Saturday. The event gave borrowers the chance to grab some face time with 16 lenders who attended.

Participants were given advice on how to combat foreclosures through refinancing, modifying home loans and prepayment options.

"A borrower that has received financial education is less likely to default," says Natalie Abetemarco, of Home Owners Preservation.

Organizers say the event and campaign are about more than bringing lenders and homeowners together, it is also to reinforce the idea that home ownership is still a part of the American dream.

advertisement | advertise on News 12

Trending Video

News 12 hit the streets to find out, 1 Word on the Street: Worst Highway in NYC
The wake service for an FDNY EMT killed 2 Wake held for EMT killed while on the job in Soundview
Hundreds were on hand to honor an FDNY 3 Family, friends to say final goodbye to fallen FDNY EMT
The incident happened on March 15, inside the 4 VIDEO: Deli Plus Grocery shooting exclusive video
Weekend Travel Advisory, 3/24-3/26 5 Weekend Travel Advisory, 3/24-3/26

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE