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From the monthly archives:

November 2009

Bloomberg’s Plan to Avert Blight from Foreclosures

by Michael CorleyNovember 30, 2009

According to an article in the New York Times, Mayor Bloomberg and outgoing Housing and Urban Development Secretary Preston announced at a press conference held at City Hall on January 14th 2009, an initiative to save neighborhoods from the threat of urban blight from foreclosure.

New York City will buy 115 homes with a $24 million budget in neighborhoods hard hit with foreclosures in Queens, Brooklyn, Staten Island and The Bronx. The funding is coming from a grant from the federal government as part of the Housing and Economic Recovery Act of 2008.

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Family, Friends and Miss Betty Next Door

by Michael CorleyNovember 26, 2009

Have the chickens come home to roost?

Are you and I paying for sins committed in the past that would continue the perpetual cycle of engineered social prosperity and targeted predatory profiteering?

Or have we failed to mature politically, socially and economically in our stewardship of Home, whether we lease or own?

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If There Was Any Doubt Why Real Estate Agents Matter

by Michael CorleyNovember 25, 2009

Gone are the days when it was easy for homeowners to post a sign in their window or yard announcing “House for Sale” and it would cause a small stampede. Everyone from neighbors to passersby rang the bell or called the phone number provided to find out the asking price, even real estate agents.

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Is This the Death of MLS?

by Michael CorleyNovember 24, 2009

Over the last 15 years, we’ve seen consumers take control of their home shopping experience by conducting their own research on the Internet.

Many first time home buyers departed from the path taken by their parents in the ’70’s & ’80’s, where they would walk into a real estate agency’s office and sit with an agent to discuss what kind of house they were looking for…

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How Profitable Can The Foreclosure Crisis Be?

by Michael CorleyNovember 23, 2009

Home ownership, The American Dream, is representative of not only a claim to a fixed parcel of earth but also the beginning of creating family wealth through an appreciating asset. A House to call your OWN.

A Beautiful Struggle. Indeed.

As time went on, Thomas M. Chisolm was able to pass on a symbol of great sacrifice to his wife, Elizabeth B. Chisolm, on October 13th 1989, in which she borrowed $5,710 from General Home Services, inc; which I believe was a Home Improvement scam that were rampantly predatory during the 1980’s in Brooklyn…

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Real Estate Brokers Own 2 Things: Inventory and Reputation

by Michael CorleyNovember 20, 2009

So what happens when a real estate broker decides to increase their business by marketing a property listing that is being offered For Sale By Owner without the permission of the owner? Find out what a real estate broker risks when a property owner discovers their home being marketed by a real estate broker they claim they never met.

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Why Declining Property Values are Hazardous Where You Live

by Michael CorleyNovember 19, 2009

During 2007, New York City appeared resilient in the face of the national foreclosure crisis experienced in other states and major cities. In California, Nevada and Arizona, the number of homeowners defaulting on sub prime mortgage loans threatened the financial stability of each state.

However, 2009 finds New York City at the place that each of the states mentioned were, back in 2007. And each are in far worst shape than we are today. Which should cause great concern for the prophetic nature their misfortune bodes for New York City as we implement the same measures they attempted.

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Are Candidates a Reflection of the Voters?

by Michael CorleyNovember 18, 2009

Consider how other Brooklyn neighborhoods flourish in spite of where the City’s economy is in the boom-bust cycle.

What makes them different from where you live? Who are their civic/community leaders? What efforts do they bring to change/maintain/improve their surroundings?

If you live in Bedford Stuyvesant, Bushwick, Crown Heights, East Flatbush, Cypress Hill, East New York, Canarsie, Ocean Hill or Brownsville, you’ve inherited the legacy of anemic progress.

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Develop or Protect? Clinton Hill Struggles with Perception

by Michael CorleyNovember 17, 2009

Reading my contributions to MyBrooklynReport.com one would conclude that I’m against real estate development. A fair assumption in light of my posts on 1576 Fulton Street and the role politicians played in aiding Goldman Sachs.

I hope I’m not getting into trouble with what I’m about to say, but…I’m pro real estate development. However the kind of real estate development I support contributes to a community and doesn’t take anything away from its organic appeal.

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How 39 Herkimer Street was Stolen from its Rightful Owner

by Michael CorleyNovember 15, 2009

House Theft isn’t new. It’s a crime that knows no racial, economic or neighborhood boundaries. Real Estate is attractive to the criminally inclined.

In a City that still employs a fundamentally flawed deed recording process, it’s a miracle that there aren’t more victims of this heinous crime that’s intentionally perpetrated on the weak and elderly.

Margaret Franklin happens to be one of many victims that have had their homes stolen. What’s painful about this story is that Margaret was hospitalized and dying of cancer when she was targeted.

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