- New Foreclosure Relief Initiative for Landlords " />New Foreclosure Relief Initiative for Landlords
The economic impact of the pandemic has been especially difficult for landlords. Many tenants have stopped paying rent, while mortgage payments, interest, tax, insurance, and maintenance responsibilities continue.
In response to the crisis our organization has launched a foreclosure relief initiative for landlords. The initiative earmarks funding to immediately purchase properties from landlords of 1-4 family properties who have fallen behind on their payments, or who are facing foreclosure. Properties are purchased, “as occupied”. This means the property can be occupied by paying or non-paying tenants and squatters.
For properties with no equity, there are special monetary options available to reimburse landlords for past due rents, repairs and more. There are also various pro-bono services to help tenants who want to relocate, clear violations even resolve title issues.
The initiative is currently being tested in the five boroughs of New York, Long Island and Westchester. Our organization has experienced Advocates assigned throughout these areas ready to assist landlords who are interested in taking advantage of the initiative.
We strictly adhere to best practices and we operate through safe telecommunication. For more information or to speak with an Advocate call 1-800-883-4140. or complete the form on this page. The organization is accredited with the Better Business Bureau and has earned an A+ Rating for its outstanding performance.