Friday, March 8, 2013

NEW YORK MORTGAGE FORECLOSURE - CRISIS ON LONG ISLAND

Here is some more information that I pass along from the Long Island Mortgage Foreclosure Crisis seminar:

"FINDING: Foreclosures are disproportionately hurting Long Island's minority communities.
Areas with high foreclosure concentrations and low lending levels are most often areas of high Black and Latino home ownership. The crisis is not only impacting the households actually in foreclosure, but also the majority of Black and Latino homeowners in each county. The foreclosure crisis raises a significant threat to the "asset wealth" of minority communities."

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