Suffolk County in New York has specific statutory notices that are required for California foreclosure consultants operating in the area. These notices play a crucial role in ensuring transparency and an informed decision-making process for homeowners facing foreclosure. It is important for foreclosure consultants to be aware of these notices to comply with the legal requirements and protect the rights of homeowners. 1. Notice of Rights: This notice provides homeowners with information regarding their rights during the foreclosure process. It outlines various options available to homeowners, such as loan modification, short sale, or deed in lieu of foreclosure. The notice informs homeowners about their right to request a meeting with their lender and provides contact information for local housing counseling agencies. 2. Notice to Cease Communication: This notice allows homeowners to request that foreclosure consultants, lenders, or debt collectors no longer communicate with them regarding the foreclosure. Homeowners may choose this option if they prefer to handle all communication directly with their lender or if they have hired legal representation. 3. Notice of Right to Cancel Contract: When homeowners enter into a contract with a foreclosure consultant, they have the right to cancel the contract within a specific period, usually three business days. This notice provides homeowners with information on how to exercise this right and cancel the contract if they choose to do so. 4. Notice of Material Changes: If there are any significant changes to the terms or conditions of the foreclosure consultant's services, this notice must be provided to homeowners. It informs them of the changes and allows them to reevaluate their decision to work with the consultant. 5. Notice of No Advance Fees: This notice informs homeowners that foreclosure consultants are prohibited from collecting any fees or receiving compensation before providing their services. It ensures that homeowners are protected from fraudulent practices and clarifies that fees can only be charged after the services have been performed. 6. Notice of Acknowledgment of Receipt: Foreclosure consultants are required to provide homeowners with a notice acknowledging the receipt of all required statutory notices. This ensures that homeowners are aware of the information provided and confirms that the necessary steps have been taken to comply with legal requirements. By incorporating these Suffolk New York statutory notices into their procedures, California foreclosure consultants operating in the area can demonstrate their compliance with the law and commitment to providing transparent and ethical services to homeowners.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.