EXCLUSIVE: Nearly 30,000 city homeowners in danger of losing properties to foreclosure: report

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EXCLUSIVE: Nearly 30,000 city homeowners in danger of losing properties to foreclosure: report

EXCLUSIVE: Nearly 30,000 city homeowners in danger of losing properties to foreclosure: report

NY Daily News-

Nearly 30,000 city homeowners — most of them in minority communities — are in danger of losing their properties to foreclosure, an alarming new report by Senate co-leader Jeffrey Klein says.

Even while most of the country is recovering from the 2007-2008 housing crisis and has watched foreclosure rates go down, New York City homeowners are suffering, according to the report, which will be released Friday.

“Not only are foreclosure notices up 15% from the previous year, but foreclosure activity in the region experienced an annual increase in 21 of the past 23 months,” the report says.

Read more: http://www.nydailynews.com/new-york/30g-city-homeowners-lose-home-foreclosure-report-article-1.1819184#ixzz33s5Y5JqY

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