100K+ NYers Face Potential Foreclosure Every Year; Advocates Urge Senate to Pass Consumer Protection Bill
Legislation to Fight Theft and Property Consultant Scams Faces No Official Opposition; Passed Assembly Unanimously, is on Senate Floor - Needs Vote
Are you a homeowner who is concerned about the cost of home maintenance or repairs? Are you worried about paying your property taxes or where you will find the funds to accommodate increasing costs on a fixed income? Are you finding it difficult to keep up with your mortgage payment? You are not alone. About 29% of senior homeowners in Washington are “cost-burdened,” which means they spend more than 30% of their monthly income on housing costs. The good news is that help is available.
Between 2005 and 2013, scores of D.C. residents lost their homes because they couldn’t afford to pay small property tax bills. Now, the D.C. government is paying $1 million to settle a class action lawsuit brought by such former homeowners to stop tax-lien investors from taking homes through foreclosure.
AARP on Governor’s ‘Middle Class Recovery Act’: Addressing Looming Savings Crisis Critical for Millions
3.5 M Could Miss Middle Class Retirement; AARP Urges State-Facilitated Workplace Retirement Savings Option; Backs Proposals to Fight Elder Financial Exploitation
In a state previously riddled by a lengthy foreclosure process, a law that took effect Aug. 30 has begun to shorten the duration and help homeowners avoid snowballing interest charges and penalties.
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