Frequently asked questions about Foreclosure
What can I do if I am at risk of a foreclosure?
Contact the Attorney General Prevention Hotline 855-HOME-456
When In the foreclosure process do I have to move out of my house?
Many times people move from their homes before they have to. You can legally stay in your home until the title changes after the foreclosure Auction is held.
Will the bank continue to pay the taxes after I default?
In most circumstances banks will pay your property taxes to protect their interest in the property, and avoid losing their investment though tax auction. However, a bank may stop paying taxes at anytime if they decide that the property is not worth their investment, leaving municipalities to clean up their messes.
Will a foreclosure stay on my credit report?
A foreclosure can stay on your credit report for 7 years. However, until you have resolution your credit will be affected from the time you began having late payments.
What are some of the impacts of living near a vacant and abandoned property?
Diminished property values
- Neighbors adjacent to the vacant and abandoned properties are at risk of losing homeowners insurance
- Rodent Infestation
List of community Providers
Federal Housing Administration
New York State Office of the Attorney General Homeowner Protection Program
ACCESS of Western New York
609 Ridge Road
Lackawanna, N.Y. 14218
Fax (716) 332-5924
Belmont Housing Services of WNY
1195 Main Street
Buffalo, N.Y. 14209
Catholic Charities of WNY
Catholic Charities of Buffalo
741 Delaware Avenue
Buffalo, NY 14209
Lackawanna Stakeholders Coalition