NYS AG puts up $1M to defend foreclosures

State Attorney General Eric Schneiderman has announced his office will fund $1 million in foreclosure prevention services to aid New Yorkers struggling through the foreclosure crisis.

Schneiderman issued a Request for Applications (RFA) seeking bids from non-profit legal services and legal aid organizations to provide direct legal services to homeowners in foreclosure or at imminent risk of foreclosure.

“As our state faces another tight budget year, we must be creative and aggressive in our efforts to support working families who are struggling to stay in their homes,” Schneiderman said in a release announcing the monies. “This funding will provide thousands of New Yorkers with the legal expertise they desperately need to defend their rights and avoid falling prey to unscrupulous mortgage servicers or foreclosure mill law firms filing fabricated or robosigned documents. My office will continue to use every tool available to us to protect homeowners and all vulnerable New Yorkers.”

The $1 million will come from unspent dollars from a 2006 settlement between the Attorney General’s Office and Ameriquest Mortgage, Co.

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The guidelines for applying and the application will be posted in the New York State Contract Reporter, www.nyscr.org, and will also be available on the attorney general’s website, www.ag.ny.gov/bureaus/budget_fiscal/procurement.html, later this week.