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Real Estate & Property Law

: The Home Equity Theft Reporter

NYC Hatches Plan To Help Clean Up Mess Left Behind By Predatory Equity Investors Who Overpaid For, Then Abandoned, Apartment Buildings Throughout City

By r morris

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In New York City, The New York Times reports:New York City has launched a new plan to rescue moderate-rent apartment buildings that were swept up by private equity firms during the financial boom, then left to deteriorate as they drifted toward foreclosure when the new owners were unable to repay their loans.For more, see City Bids to Save Housing Imperiled by Investors.

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

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