Sanders Offers Free Anti-Foreclosure Program
Sanders is collaborating with Parodneck Foundation to provide this free service to all residents within his district. People can go to Sanders' Laurelton office at 226-18 Merrick Boulevard for free advice if homeowners feel they are in jeopardy of being foreclosed.
The City Councilmember feels that Queens is in desperate need of a service like this considering that the borough has seen a 200% increase in the number of foreclosure filings since July 2006.
Sanders urges everyone to come out and take advantage of the program and learn how to save their homes.
"I am outraged by what predatory lenders and their unscrupulous practices are doing to my community," Sanders said. "This service is just phase one of our fight to aid our neighbors who have e been victimized and preyed upon.
According to Sanders, an estimated 2 million adjustable rate mortgages are scheduled to be reset at higher interest rates by the end of 2008, and Sanders hopes his proactive approach will save many Queens and Rockaway residents from losing their properties.