This National Center on Law & Elder Rights training will focus on one of the most important ways to prevent tax foreclosure: ensuring that low-income and older homeowners have access to all available exemptions and discounts. Many older adults who are at risk of tax foreclosure have not taken advantage of all the existing tax…
Read More about Preventing Tax Foreclosures for Older Adults: Accessing Tax Relief Options
NCLC joined with mortgage industry trade associations to urge VA to create a public process for commenting on their program to provide assistance to VA borrowers.
Read More about Joint Industry and Advocacy Letter to VA on Refund Program
This letter asks HUD to expand eligibility requirements for the partial claim to borrowers who have quickly recovered from their hardship.
Read More about Joint Letter to HUD Regarding Partial Claim Eligibility
The National Consumer Law Center urges the Bureau to modify the mortgage servicing rules in Regulation X, 12 C.F.R. Part 1024, to provide consistent, fair, and transparent protections to borrowers across the mortgage market. NCLC requests that the Bureau remove the HELOC exemption from Regulation X sub-part C; remove the reverse mortgage exemption from Regulation…
NCLC, on behalf of its low-income clients, submitted the below comments on the draft of the HECM Handbook, Section 4000.1. The reverse mortgage program was created by Congress to allow older homeowners to tap into their home equity without increasing the risk of displacement. In implementing the program, HUD is tasked with a dual mission…
States Can Take Steps to Prevent Property Tax Foreclosures and Preserve Homeownership and Transfer of Intergenerational Wealth BOSTON – A new report from the National Consumer Law Center (NCLC) looks at the unique issues heirs face when inheriting a home with an overdue property tax bill and the disproportionate impact on Black and Latino wealth…
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