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Homeownership

More Bust from the last Boom for Blacks, Hispanics

by Michael CorleyFebruary 2, 2010

In a recent study by the Pew Research Center, published May 12th 2009, from 1995 to 2008, Black and Hispanic families were more likely to borrow from the Sub Prime markets for a mortgage to finance the purchase of their home. With the foreclosure crisis continuing its ripple effect across the economy, whose responsible?

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Is NYC Overcharging You in Property Taxes?

by Michael CorleyDecember 2, 2009

How much are you being charged for Property Taxes in New York City?

I’m sure the thought has crossed your mind. However, we understand why property tax is collected. It takes a lot of money to run a City that never sleeps.

Property Tax in New York City funds public school education, police and fire protection, emergency services, garbage pick up, public health care and hospital services, roadway and street maintenance, etc…

And while New York City has diverse sources of revenue (Sales Tax, Transfer Tax, Fees, Fines, etc…), its largest source is Property Taxes.

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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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