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Real Estate & Property Law

: The Home Equity Theft Reporter

Landlords Abandon Overleveraged NYC Buildings; Predatory Investors, Unrealistic Profit Projections, Shoddy Lending Practices Leave Tenants In Limbo

By r morris

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In New York City, The New York Times reports:As property owners run into trouble paying their mortgages, neighborhoods around New York City have been witnessing a disturbing consequence: Small and large apartment buildings are being abandoned in a state of disrepair, leaving tenants in limbo without basic services or even landlords.***Many of these landlords, particularly those who bought in

Full post as published by The Home Equity Theft Reporter on July 17, 2009 (boomark / email).

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