New York Attorney General Eric Scheiderman is making $1 million available to nonprofit legal organizations representing homeowners in foreclosures cases.
Scheiderman's office sent out a request for applications this week. The money comes from a 2006 settlement with now defunct subprime lender Ameriquest Mortgage. The firm paid the states participating in the settlement at the time roughly $295 million of which $22 million went to New York.
"This funding will provide thousands of New Yorkers with the legal expertise they desperately need to defend their rights and avoid falling prey to unscrupulous mortgage servicers or foreclosure mill law firms filing fabricated or robo-signed documents," Schneiderman said.
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