Foreclosures
Clinton Encourages the Federal Deposit Insurance Corporation to Put Forward A Strong, Effective Foreclosure Prevention Program to Prevent Further Economic Turmoil
November 7, 2008 Posted by New York RealEstateRama
20 Percent of U.S. Mortgages are ‘Under Water’Foreclosures Have Increased 71 Percent Since Last Year and Pose a Significant Threat to Home Prices, Communities and the Economy
WASHINGTON, DC - November 6, 2008 - (RealEstateRama) – In a letter to Chairman of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair, Senator Hillary Rodham Clinton urged her […]
Superintendent of Banks Renews Commitment to Upstate Areas Impacted by Foreclosures
October 30, 2008 Posted by New York RealEstateRama
New York, NY - October 30, 2008 - (RealEstateRama) — New York Superintendent of Banks, Richard H. Neiman, in a speech today at the Rural Housing Coalition Conference in Buffalo, identified upstate communities among the hardest hit by foreclosures and highlighted the comprehensive approach taken by the state in combating this housing crisis.
New York Banking Department and RealtyTrac® Release Foreclosure Data for Third Quarter 2008
October 30, 2008 Posted by New York RealEstateRama
New York, NY - October 30, 2008 - (RealEstateRama) — New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the period ended September 30, 2008. According to RealtyTrac there were 14,477 foreclosure filings for properties in New York during the third quarter of 2008.
Specialized event assists the borough hit hardest by foreclosure
October 29, 2008 Posted by New York RealEstateRama
New York, NY - October 29, 2008 - (RealEstateRama) — In an effort to help residents of Queens remain in their homes and prevent foreclosure, New York City Comptroller William C. Thompson, Jr. will host his “Save Our Homes” initiative at St. John’s University, St. Louise de Marillac Hall, 8000 Utopia Parkway, on Saturday, November […]
Clinton Reiterates Call for Coordinated Federal Efforts to Stop Next Foreclosure Crisis
October 25, 2008 Posted by New York RealEstateRama
Foreclosures Have Skyrocketed Over 70 Percent Since Last Year; Pose Grave Risks to Housing Values and Economy
WASHINGTON, DC - October 25, 2008 - (RealEstateRama) — Senator Hillary Rodham Clinton issued the following statement on a report released today on the housing market
COMPTROLLER THOMPSON LAUNCHES CITYWIDE INITIATIVE TO BATTLE FORECLOSURE
October 25, 2008 Posted by New York RealEstateRama
New York, NY - October 25, 2008 - (RealEstateRama) — In an effort to help New Yorkers remain in their homes and prevent foreclosure, New York City Comptroller William C. Thompson, Jr. today hosted a kick-off event for his “Save Our Homes Initiative” at the College of Staten Island
“I see no better place to begin […]
LEADER OF FORECLOSURE RESCUE SCHEME SENTENCED TO 10 YEARS IN PRISON
October 6, 2008 Posted by New York RealEstateRama
New York, NY - October 6, 2008 - (RealEstateRama) — MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, announced that MAURICE McDOWALL was sentenced yesterday by United States District Judge ROBERT P. PATTERSON to ten years in prison for his participation in a wide-ranging home foreclosure rescue scheme, which […]
Foreclosed Properties Drag Down Home Values on Their Block and Across Entire Communities
October 3, 2008 Posted by New York RealEstateRama
WASHINGTON, DC - October 3, 2008 - (RealEstateRama) — As our national economy is in grave turmoil and families continue to lose their homes to foreclosure, U.S. Senator Charles E. Schumer announced over $102 million for housing stabilization. The Neighborhood Stabilization Program provides state and local governments with funding to respond to rising foreclosures and declining property values. […]
SCHUMER ANNOUNCES SENATE PASSAGE OF ESSENTIAL RESEARCH AND DEVELOPMENT TAX BREAK THAT WILL PROVIDE VITAL FUNDING TO UPSTATE NEW YORK BUSINESSES
October 1, 2008 Posted by New York RealEstateRama
Washington, DC - September 24, 2008 - (RealEstateRama) — U.S. Senator Charles E. Schumer today announced that a bill to renew the research and development tax credit for one year passed the full Senate last night. The tax credit, a federal tax break for companies that rely on research and development to stay in business, […]
Governor Paterson Announces Additional New York State Grants To Fight Foreclosure Crisis
September 26, 2008 Posted by New York RealEstateRama
Albany, NY - September 24, 2008 - (RealEstateRama) — Governor David A. Paterson today announced a total of $3,495,000 in grants as part of New York’s continuing efforts to address the subprime mortgage crisis. This brings the total grants awarded this summer to $9.4 million. Consistent with the previous grants announced in July and earlier […]