Friday, April 27, 2007

Addressing repossession

This may be the second hottest topic in Queens:

Boro focuses on homes lost to sub-prime loans

The Time Is Now To Act On Foreclosure Crisis

Spike In Foreclosures Raises Alarms

Meanwhile, NYC has set up a number for people to call who are afraid of being victimized:

NYC Sets Up Hotline for Some at-risk Homeowners

Photo from Queens Chronicle


georgetheatheist said...

Caveat emptor.

Anonymous said...

If you look at a map of the areas that are affected by sub-prime mortgage foreclosures will see that it often coincides with lower income neighborhoods!

Is this sort of a form of (covert) ethnic (or class) cleansing?

The key is, once again, to see which developers run to pick up those foreclosed parcels!