NY – SMust Make Land Banks A – SPriority
Governor Cuomo signed the Land Bank Act into law in 2011, empowering local communities to use land banks to proactively address blighted and abandoned properties that affect their residents.
Governor Cuomo signed the Land Bank Act into law in 2011, empowering local communities to use land banks to proactively address blighted and abandoned properties that affect their residents.
Her project at 564 St. John's Place in Crown Heights, where she is planning a 193-unit luxury rental building, is allegedly in default, and a foreclosure auction is currently set for 3 p.m. on July 31, according to Commercial Observer. Moskovits and her partner Michael Lichtenstein received an $ 89 million refinancing on the project…
City Council plans to move forward with legislation that would require foreclosure bonds to provide for upkeep and possible demolition of abandoned and neglected properties as they fall into disrepair. “We see no reason not to implement this policy,” City Manager Tanisha Briley said Aug. 9, although she added that council's Housing and Transportation Committee…
Can you drop private mortgage insurance? Find out when and how to eliminate this monthly expense from your housing costs. Private mortgage insurance protects your lender in case you default on your home loan — and you have the privilege of paying for that protection. Foreclosure News
Is Housing a Good Investment? Where You Stand Depends on Where You Sit Andreas Fuster, Andrew Haughwout, Nima Dahir, and Michael Neubauer Liberty Street , April 18, 2018 Home price growth expectations remained stable relative to last year, according to the Federal Reserve Bank of New York's 2018 SCE Housing Survey. Respondents expect mortgage rates…
The Kings Lake community in Gibsonton was the epicenter of the area's housing crisis with one in every five homes in the southern Hillsborough County community going through foreclosure during the recession. [LUIS SANTANA After the housing market collapsed more than a decade ago, new investors poured in to buy foreclosed homes and rent them…
By most measures, the U.S. economy is performing okay. GDP growth is still near 3.5%. Foreclosure News