My Brooklyn Report

While we continue to make every effort to bring you a view into the brazen, unapologetic, predatory lending practices that have caused the Foreclosure Crisis in our weekly series, Thursday Perp Walk: Lifestyles of the Charged, Tried and Convicted, your about to see the lengths that Mortgage Lenders and Wall Street went to in the name of GREED. View the video and see how it was done.

Thursday Perp Walk, a regular feature on MyBrooklynReport.com, will introduce you to the social predators who preyed on unsuspecting home buyers, home owners and home lenders. Perpetrating mortgage fraud in real estate usually begins with just two people with quite a bit of cooperation from individuals behind the scenes. Witness the ease of these smooth criminals caught in their greed.

As reported in the New York Daily News [Bed Stuy Residents Furious over Condo Project once slated as Dorm], it appears another luxury condo has gone the way of becoming five star accommodations for the homeless. How is it that Real Estate Developers continue to be bailed out by New York City while countless families face the threat of becoming homeless due to foreclosure?

How do you avoid the subject of politics in any discussion regarding real estate in New York City. Take a look around you. In the last 5 years we’ve seen an enormous amount of luxury condominium development concentrated in Manhattan and Brooklyn. Should we bail out real estate developers who made bad business decisions?

There are millions of blogs on the Internet offering news from the proverbial FRONT, where the cause is waged by the experienced “insider” who has taken on the mantle of “Citizen Journalist”. While it’s just a thought, the above more or less outlines the reason why so many people engage in this effort.  The purpose; [...]

The investigative news report at the end of this post by Brian Ross, Chief Investigative Correspondent for ABC News, chronicles the experiences of elderly homeowners faced with the peril of losing their homes. In their attempts to stave off the threat of foreclosure, each homeowner makes earnest attempts to reach the appropriate staff within their [...]

Is there any evidence pointing to a recovery in Brooklyn real estate trends in sales and rentals? We identify 4 things that give proof of a market correction underway and what it will mean for you, the homeowner and tenant.

As a group, African Americans have endured innumerable horrors and obstacles in their pursuit of Life, Liberty and Happiness in the United States of America. People of African descent, recently emancipated from slavery, migrated north to flee the systemic oppression and reoccurring hostility that threatened their existence. Upon reaching Brooklyn and other parts of New [...]

Since 1970, this property has changed hands 15 times and had Lis Pendens (law suits) filed with property liens to foreclose for non payment of property taxes 4 times.

It experienced a Lis Pendens filing for mortgage default only once. The city has defended its claim to unpaid property taxes more times than it engaged in enforcement action through the Department of Buildings for unsafe building conditions, which only occurred 2 times (2001 & 2006). So why does it still look this way?

NYC Department of Housing, Preservation and Development has begun implementing it’s plan to use the $24 million dollars received from the U.S. Department of Housing and Urban Development as part of the the Housing and Economic Recovery Act of 2008. As indicated in the video, the city purchased 7 properties in neighborhoods hard hit by [...]