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Real Estate & Property Law

: The Home Equity Theft Reporter

Storm Clouds Hover Over NYC Tenants In Predatory Equity-Owned Apt Buildings; Deteriorating Conditions, Looming Foreclosures Spell Trouble For Renters

By r morris

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In New York City, local media stories continue to report on, what could be, a looming disaster facing thousands tenants in rent-regulated apartment buildings in need of renovation bought by predatory equity real estate operators shortly before the market tanked. These investors banked on their now-failed plan to "ease out its mainly lower-income residents, rehabilitate the apartments and charge a

Full post as published by The Home Equity Theft Reporter on December 25, 2009 (boomark / email).

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