State Sen. Kevin Parker — a vocal supporter of foreclosure relief for troubled homeowners — has good reason to take that position.
SEN. PARKER ARRESTED IN FOTOG ATTACK
His own two-story Flatbush house is in danger of being repossessed.
According to court papers, Parker, a four-term Democrat representing Brooklyn’s 21st Senatorial District, hasn’t paid a dime in more than a year toward the $488,000 mortgage he took out in 2006.
The bank, DLJ Mortgage Capital, Inc., is running out of patience.
“You are in danger of losing your home,” the ominous foreclosure complaint, filed in November 2008, warns in capital letters on the cover page.
Property records show that Parker bought the one-family, brick row house on Bedford Avenue in December 2006 for $610,000, borrowing $488,000 from New Century Mortgage Corporation.
New Century, which has since folded, unloaded the loan onto DLJ Mortgage Capital, which claims in the lawsuit that it received only its first eight monthly payments of $3,329.20 each.
DLJ waited a little more than a year before beginning the foreclosure action.
It is unclear if the unmarried Parker, 41, who owns portions of two other properties in Brooklyn and Queens along with family members, ever lived in the Bedford Avenue home.
Experts said it’s not unusual — especially in the current down market — for banks to wait several months before going forward with foreclosure.
“The normal course is anywhere from three to eight or nine months,” said lawyer Scott Lanin, who publishes a foreclosure blog.
“Thirteen is possible. Maybe there were attempts by the senator to resolve it, and that could have added to the delay.”
Court records show no response from Parker, who earns a $79,500 base salary plus an extra $22,000 for being the Senate majority whip, to contest the proceedings.
The pol has been an advocate of foreclosure relief, sending out a press release last summer announcing his backing of “Operation Protect Your Home,” a cooperative effort by government and lenders to try to keep homeowners from losing their properties.
Neighbors on the pleasant, tree-lined block, just steps from Brooklyn College, said a for-sale sign has been in front of the house for at least six months — and nobody’s lived in it during that time.
“I haven’t really seen any people, I don’t know, maybe real-estate people,” said one resident, who declined to identify herself.
When reached at his parents’ Avenue H home where he lives, Parker refused to comment.
“I’m not giving any interviews at this time,” he meekly said from behind his front door.
With additional reporting by Chuck Bennett, Kevin Fasick, and Philip Messing