Friday, January 28, 2011

Queens: #1 in NYS foreclosures

From the NY Post:

Queens foreclosure filings are the highest in the state.

According to the latest filings figures from the New York state court system, while foreclosures have dropped dramatically across the state since Chief Judge Jonathan Lippman told lawyers they had to certify that the filing papers are accurate by signing an affirmation, Queens residents are still under the gun.

Prior to the judge's requirement, Queens foreclosures were running at about 10 percent of all state filings, averaging 85 a week.

Since the October declaration from the chief judge, filings have averaged almost 100 a week. In the week ended Jan. 9, the 119 foreclosure cases filed in Queens accounted for 70 percent of all filings in the state.

16 comments:

georgetheatheist said...

Hey Andy Cuomo. You can hide up there in Albany, but we know who you are: Clinton's Housing Secretary that caused these foreclosures:

It's da gubmint that made dis mess

Anonymous said...

"Since the October declaration from the chief judge, filings have averaged almost 100 a week. In the week ended Jan. 9, the 119 foreclosure cases filed in Queens accounted for 70 percent of all filings in the state."

And nearly 100% of them are from southeast Queens and the Jackson Heights-Corona area.

Anonymous said...

oh well should have rented an apartment

no sympathy for these people

especially the heloc people
what did they do with that money?

half of this crap is fraud anyway

they can jump in a lake

Anonymous said...

This story is from a week ago.

The non-Queens foreclosures had many cases (perhaps a majority) where the lenders couldn't produce paperwork with actual signatures showing the transfer of the mortgage. Even if it not fraud by the lender, there cannot be confusion about who owns the mortgage.

I suspect that the lenders have their act together in Queens, not because they are smarter, but because the mortgages have not been transferred a zillion times, and getting the paperwork correct is an easier task.

Also, the deadbeat borrowers in Queens probably don't want to work out a deal for a lower payment and keep the equity. They and just want to drag it out as long as they can pay zero.

Anonymous said...

"I suspect that the lenders have their act together in Queens, not because they are smarter, but because the mortgages have not been transferred a zillion times, and getting the paperwork correct is an easier task."

That's not true at all. The problems with foreclosures are the same in Queens as anyhere else. The reason there are more foreclosures in Queens are because there are more houses, and therefore more homeowners. there's a certain amount of predatroy lending and a whole lot of greed and bad judgment to go around on everybody, borrowers and lenders alike.

Anonymous said...

"And nearly 100% of them are from southeast Queens and the Jackson Heights-Corona area."

Jackson Heights? I think you mean Corona and East Elmhurst.

Anonymous said...

Don't buy what you can't afford. End of story. Long live Israel! Death to the Palestinians! END WELFARE!

Anonymous said...

Israel is a welfare state. Truth hurts doesn't it?

Big Hairy Balls said...

Israel is a US ally. I usually don't resort to foul language. My grandson is fond of the term fucktard. You sir are a fucktard. Long live Israel! Long live the NRA! Long live Christian Zionism. Long live your penile implant!

Anonymous said...

I see I touched a nerve. I guess when confronted with the truth, you could not control your potty mouth. Israel is not the only US ally yet it takes most of the aid. You like to rant against people on welfare in our country but support it for a foreign country. You are a hypocrite.
Death to the Palestinians? I would like to see if you have the big hairy balls to say that to a child's face that just lost his family to an Israeli airstrike.
Long live the NRA? Why ,to protect your home? Ok , I can understand that. The people living in their homes, that get taken away and bulldozed for settlements should have guns too right?
Christian Zionism? I suppose Pat Robertson, Jerry Falwell and Tom DeLay are some of your idols since they believe in this as well.
I do not have a penile implant but I am noticing a recurring theme involving your obsession with penises and testicles. Maybe you have some repressed homosexual fantasies just dying to get out.
Death to hypocrisy, long live reality, long live your coming out of the closet and finally getting to suck freely, on the big hairy balls you have desired for so long!

Auntie Invasion said...

these homes are owned by immigrants from the Caribbean, Guyana and Trinidad. they bought crappy houses to become slumlords, renting out the basements, attics and what ever they could illegally subdivide. look at that front yard.is it paved over and has thirty cars parked on it?

You can believe they have not reported that income to the NYC dept of finance. nor the income from the tenants.

look at the housing records. how many of these so called foreclosure victims have harassed the tenants they rented out their basements, attics and illegally subdivided floors to.

After they foreclose on these properties, & demonstrate that they can not make good decisions, please deport them back to their countries. see how far they get with their crap back home.

Big Hairy Balls said...

Sorry the "potty mouth" anon, I feel very close to you right now? I'd love to meet you and show you my Big Hairy Balls. I'm 63, 6'1", 175 lbs. I'm a USAF combat vet (Nam) and live on Kent Island in Maryland. Please write back soon, I'm so hard for right now. Long live Israel! Death to the Arabs! Death to the welfare people. Long live my 63 yo hard on!

ex.gov.a.schwarzengger said...

6'1", 175lbs? Too skinny. You haf to put more veight on. Hahr-hahr.

Anonymous said...

georgetheatheist said...

Hey Andy Cuomo. You can hide up there in Albany, but we know who you are: Clinton's Housing Secretary that caused these foreclosures"

In the only immortal words of that smarmy asshole Ronald reagan "there you go again"


Face it, a -republican- Congress and Senate and a republiCrat president (Clinton) eliminated the Glass-Steagall that served to protect us from this sort of greed for over 60 years.

The republicans were just being buttboys for their master in the banking industry. BUT the most telling point was in -prohibiting- regulatory oversight in passing that repeal act.

They knew exactly what would happen once banks were allowed to sell these mortgages without oversight.

They didn't give a damn.

A few well connected people would get rich and the rest of us would have to pay to save our economy.

We don't need terrorists or subversives..we have republicans.

Anonymous said...

have you bought accident insurance policies for your bike delivery boys,that you command for your "partner"s restaurants?

63 democrat/liberal house of representative members sent packing in 2010. the rest of the nation does not believe your political crap.

Anonymous said...

"the rest of the nation does not believe your political crap.'

The "rest" of the Nation, actually the majority didn't vote in that mid-term.

take a look at who actually voted:

http://www.theatlantic.com/politics/archive/2010/11/the-pundits-are-wrong-about-election-2010/66112/

Old, mostly white people. Didn't work too well here in NY did it?

Those that did vote were often ignorant, propagandized and scared..just like you.

I don't command any bicycle messengers.