Why Declining Property Values are Hazardous Where You Live
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.
Can You Still Campaign on Affordable Housing in Brooklyn?
Deutsche Bank holds a unique distinction in the Mortgage Loan Servicing business that few can claim; They foreclose on homeowners with speed and precision. While there are lenders that have the same business practices, none are as effective in protecting their client’s claim to a homeowner’s property when it’s time to exercise the rights defined [...]
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