Zip Code Matters for Homeowners Trying to Fight Foreclosures

MFY Legal Services attorney Linda Jun is one of four primary authors of a report released today by New Yorkers for Responsible Lending that lays bare the consequences for homeowners of inconsistent court procedures on foreclosure in New York State. Divergent Paths: The Need for More Uniform Standards and Practices in New York State’s Residential Foreclosure Conference Process shows how a homeowner’s zip code may make the difference between a successful loan modification and losing a home.  Based on a statewide survey of how the courts in different areas handle settlement conferences, the report shows struggling New York homeowners have widely varying chances of saving their homes through this process depending on where they live.