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Real Estate & Property Law

: The Home Equity Theft Reporter

Predatory Equity Apartment Building Investments Bought At Height Of Bubble Spell Trouble For Thousands Of Tenants In NYC Neighborhoods

By r morris

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In The Bronx, New York, The New York Times reports:Here, it is not individual homes that are most under threat of foreclosure ? it is whole apartment buildings occupied by hundreds of families. And it was not the residents who took out the heavy loans ? it was investors who live far from the overleveraged properties. While banks and owners seek to recoup staggering losses from overly optimistic

Full post as published by The Home Equity Theft Reporter on January 22, 2010 (boomark / email).

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