In New York City’s communities of color, the foreclosure crisis is far from over. Nine of the ten zip codes with the highest number of pre-foreclosure notices are neighborhoods of color. Nearly two-thirds (65.4%) of all notices sent to residents of NYC neighborhoods of color pertained to loans made between 2002 and 2007.
Now, in 2009, the crisis is far from over, but the rebuilding has begun. A bail out program was instituted by the Federal government. Certain counties have put moratoriums on new foreclosure filings, and evictions for those who have already been foreclosed on have been halted.
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The foreclosure crisis is far from over and it is apparent as Main St. continues to struggle. Author Nomi Prins believes there is clearly a lack of connection between Washington and the reality.
The figures are another striking example of how the housing crisis has pummeled Nevada. not facing the same blatant signs of disrepair seen in other foreclosure-ravaged states such as Florida,
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Homing in on Orlando's affordable housing crisis. Plus, Central Florida has a 96.6 percent apartment occupancy rate, so developers are.. dollars we receive, we have put in general fund dollars, but that only goes so far.”.
Trouble Ahead For The U.S. Housing Market Housing Market News – CNBC – Housing tipping back to a buyer’s market as sellers cut prices. 6:12 PM ET Thu, 16 Aug 2018 More price cuts are cropping up on U.S. housing markets listings than a year ago. This signals a turn in the market, which has been largely a seller’s market for the past few years.
Inside Florida’s foreclosure crisis CNN Business.. Get ready for another round of the foreclosure crisis – Duration:. Winners and Losers of Florida’s Foreclosure Crisis – Duration:.
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In some states, backlogs are associated with the inability of the court system to process the explosion in foreclosure cases in a timely fashion. Florida is one prime example. But the current.
The mortgage crisis affected many Florida families, with the market plummeting 10 years ago. Many residents lost their jobs and were unable to pay for their mortgages as their incomes were drastically cut. As a result, home foreclosure levels increased significantly. A recent article reflected on the impact these foreclosures had on the state.