May 16, 2021

MP Now News

Mortgage News

Olean Residents Can Apply for COVID Mortgage Wellness Funding

OLEAN, NY – City homeowners struggling to make mortgage payments have the option to apply to the New York State Office of the Attorney General’s Homeowner Protection Program (HOPP), Mayor William J. Aiello said in a press release Monday known.

Homeowners can contact or visit the NYS HOPP toll-free hotline at 1-855-HOME 456 (1-855-466-3456) homeownerhelpny.org Connect with a housing or legal counseling program. Support is free for all homeowners. For more information, please contact Olean residents at 716-376-5648 from Keri Kerper, Program Coordinator for the Office of Community Development.

With New York State offering free services through the HOPP network, homeowners should be careful when scammers ask them to pay for help, the mayor said in the press release.

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The press release also contained the following information:

  • Many homeowners have temporary indulgence agreements with their servants. Others who have missed payments may have direct arrangements with their lenders, or they may just be in default. State and federal foreclosure moratoriums will end in June for many homeowners. These and other types of forbearance and grace plans are temporary solutions only.
  • HOPP agencies are trained to understand the different programs and work individually with homeowners and their mortgage service providers to get back on track. New local, state, and state facilities may be available to provide monetary aid to homeowners.
  • The goal is to keep New York State homeowners in their homes. Services are also available for transitional and no-hold options when home ownership is no longer affordable. Regardless of their situation, homeowners have the right to stay in their homes throughout the foreclosure process.

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