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Foreclosure

WNYC News

Where New York's Budget Windfall Comes Up Short

Tuesday, February 17, 2015

Critics worry the governor's proposal for how to spend money from financial settlements with banks doesn't include enough foreclosure relief.

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The Takeaway

The Relentless Grip of the Foreclosure Crisis

Wednesday, October 15, 2014

Years after foreclosing on a property, former homeowners can't escape the relentless knock of debt collectors.

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WQXR Blog

Bank Set to Foreclose on Nashville Symphony's Concert Hall

Friday, June 07, 2013

Foreclosure proceedings have started against the financially troubled Nashville Symphony Orchestra, which owes more than $80 million in debt related to the construction of its home.

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WNYC News

Sampson Corruption Scandal Hits Home for One Family

Thursday, May 09, 2013

William Easterling and his wife used to own 165 Forbell Street, a two-family home in Brooklyn on the border of Cypress Hills and Ozone Park. The couple raised their four kids there. But they haven’t lived there in almost 20 years.

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New Jersey News

Banks Abandoning Newark Properties

Friday, April 19, 2013

Almost 43 percent of bank-owned properties in one Newark neighborhood remain vacant, even years after foreclosure, according to a new study.

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The Leonard Lopate Show

Foreclosure Settlement, John Lurie, Nathaniel Rich's Novel, Sequencing the Human Genome

Monday, April 15, 2013

ProPublica’s Paul Kiel explains how the government plans to compensate the 3.9 million homeowners who were victims of aggressive foreclosure policies. John Lurie discusses his career in television, film, art, and, of course, music. Nathaniel Rich talks about his new novel, Odds Against Tomorrow. And yesterday marked the tenth anniversary of the first complete mapping of the human genome, and we’ll talk to bioethicist Robert Klitzman about how the human genome sequence has changed medicine.

WNYC News

Regulators Concerned Banks May Be Reneging on Relief for Sandy Victims

Wednesday, March 06, 2013

New York Governor Andrew Cuomo announced Wednesday that the state Department of Financial Services will launch a review to determine whether large, well-known banks are reneging on a promise to provide homeowners affected by Sandy mortgage relief. The state's move comes after WNYC reported on Staten Island Sandy victims facing threats of foreclosure.

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WNYC News

Last Day to Apply for $25B Mortgage Settlement

Friday, January 18, 2013

As the hours tick down to the deadline, only half of New Yorkers eligible for part of a multi-billion-dollar mortgage settlement have submitted claims.

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The Takeaway

Foreclosure Filings Fell Three Percent in 2012

Thursday, January 17, 2013

Housing industry analyst RealtyTrac released its 2012 Year-End Foreclosure Market Report today. In it is a bit of good news: There was a three percent drop in foreclosure filings in 2012 compared to 2011. So what can we expect for 2013? Daren Blomquist, president of RealtyTrac, explains what this year's report indicates for the future.

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WNYC News

Best of the Year: Our 2012 Editor's Picks

Friday, December 21, 2012

Whether we were stepping back to look at the big picture on housing foreclosures nationwide, or getting micro by visiting a 105-square foot studio apartment in the West Village, 2012 was a year of finding fresh angles for the news, and unexpected ways to tell you about it.

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New Jersey News

NJ Assembly Looks Into Unspent Foreclosure Funds

Wednesday, October 24, 2012

WNYC

The New Jersey Assembly held hearings Wednesday on the Christie administration's programs to reduce foreclosures in the state. The hearings focused on $300 million in aid from the federal government that was intended to help homeowners facing foreclosure.

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WNYC News

As Upper Manhattan Buildings Go into Foreclosure, Officials Try to Influence Sale

Monday, October 22, 2012

City council members and housing officials joined tenants and their advocates Monday outside an apartment building on 190th Street to protest the asking price for the foreclosed property. They claim the sale price is too high and will only result in another round of defaults.

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The Brian Lehrer Show

The State of New York City's Housing and Neighborhoods

Monday, April 30, 2012

Vicki Been, director of the Furman Center for Real Estate and Urban Policy at NYU, discusses the center's tenth annual State of New York City’s Housing and Neighborhoods report, including findings on diversity, foreclosure rates and property tax distribution.

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WNYC News

BOA Pilots Program to Turn Delinquent Homeowners Into Tenants

Friday, March 23, 2012

Bank of America will allow a limited number of distressed or underwater homeowners in New York State to become renters of their own properties.

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The Takeaway

Huge Foreclosure Deal Reached

Thursday, February 09, 2012

A massive settlement has been reached between the government and five of the nation's biggest banks over foreclosure abuses and relief. Our partner The New York Times says the $ 26 billion deal will be doled out to 2 million homeowners. It's part of a broad national settlement aimed at halting the housing market's downward slide and holding banks accountable. Joining the program is Nelson Schwartz, business reporter with our partner, The Times.

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The Takeaway

Multi-Billion Dollar Foreclosure Settlement Imminent

Tuesday, February 07, 2012

Since early 2007, 4 million families have lost their homes to foreclosure. Only now have state officials around the country begun to finalize a multi-billion dollar settlement with the biggest mortgage-providing banks that engaged in abusive or misleading practices, like robo-signing. Some critics, including those who have already had their homes go underwater, worry that it may let the banks off too easily.

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WNYC News

Sunlight for City’s Foreclosures, Contracts

Wednesday, February 01, 2012

City Council members approved a bill Wednesday that requires banks to notify the Department of Housing Preservation and Development (HPD) within 15 days of the start of foreclosure proceedings. Banks who fail comply face a fine of up to $1,000 each week until they complete the notification process.

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The Takeaway

Occupy Our Homes Spreads Throughout the Country

Thursday, December 08, 2011

The impact of the Occupy Wall Street demonstrations around the country is difficult to see in raw numbers. But the way in which the national discourse has been moved, and how individual lives have been changed tells another compelling story of the movement's potential. The families in millions of households across the nation who are fighting to hold onto their homes against banks, authority, and the much reviled "1 percent" may have a powerful new ally. Occupy Our Homes, the latest incarnation of the OWS, is seizing foreclosed homes and claiming them for families in need.

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WNYC News

Protesters Occupy Foreclosed Home

Tuesday, December 06, 2011

Occupy Wall Street protesters have taken over a foreclosed home in Brooklyn that's been vacant for years so a homeless family can stay there.

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The Takeaway

Massachusetts Sues the Nation's Five Largest Banks

Friday, December 02, 2011

Massachusetts Attorney General Martha Coakley has filed a suit against Bank of America, JP-Morgan Chase, Citigroup, Wells Fargo and GMAC Mortgage, accusing them of "unfair and deceptive business practices." She is seeking damages for borrowers who were hurt by these banks foreclosure practices, which range from filing fraudulent legal paperwork to the use of so-called "robo-signers" and refusing to follow lending laws.

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