Ready to Walk Away from your Mortgage?
Desperate times call for desperate measures. With 25% of American homeowners with mortgages underwater, many are considering an option that in the past would have been financial suicide. But as home values continue their decline in New York City, families are seriously thinking about implementing a strategy thought exclusive to the rich and powerful.
More Bust from the last Boom for Blacks, Hispanics
In a 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. Corresponding to that same period, from 1995 to 2007, was the explosive growth in the issuance [...]
An Open Letter to Colvin W. Grannum on Al Vann
Councilman Vann has served in office long enough to witness his constituents become the target of Ponzi schemes by unsophisticated operatives who have mastered the loopholes in New York City’s deed recording process. And having lived in Bedford Stuyvesant for many years, he’s seen Mortgage Discrimination occur in central Brooklyn in different forms: Redlining in the 70′s and Predatory Lending in the 90′s. Since his re-election, what should we expect from the incumbent?
Predatory Lending: Confessions from Inside the Fraud
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.
experience