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Congressman calls for mortgage help for Sandy victims

Posted: 6:48 PM, Mar 02, 2013
Updated: 2013-03-02 18:48:26-05

STATEN ISLAND, NY (PIX11) – A New York congressman is calling for banks to help Sandy victims keep their homes.

Flanked by superstorm Sandy victims, Rep. Michael Grimm (R – Staten Island) held a a press conference Saturday afternoon asking banks to help homeowners stay current on their loans.

Victims have been allowed to defer their payments for up to 180 days, but when time is up, they’re expected to pay back everything they owe in one lump sum. Grimm says many homeowners are pouring their money into home repairs and paying for rent for temporary housing. He calls the plan unrealistic.

Meanwhile, Governor Cuomo has announced five of the state’s largest banks will be available to work with homeowners next week at the disaster asssistance center in staten island.