Protecting Senior Homeowners from Reverse Mortgage Foreclosure: A Policy Brief

Reverse mortgages allow homeowners 62 and older to tap into their home equity while remaining in their homes. This product is a useful and necessary resource for many senior homeowners with incomes that are insufficient to cover their living expenses. In ideal cases, reverse mortgages are not due and payable until the borrower dies or […]

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Homeownership Data Toolbox

Data is essential to understanding the state of affordable homeownership in New York. We use data visualizations, maps, and more to identify and assess existing and emerging neighborhood needs and to create innovative programs to help middle- and working-class homeowners. Are you a reporter working on a story or a policymaker who needs help understanding […]

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“Stopping Foreclosure Rescue Scams in Their Track” and other headlines from 2016

DSNews: New York: Stopping Foreclosure Rescue Scams in Their Tracks City Limits: Call for Halt to Aggressive Real-Estate Tactics in East New York ABC 7 NY: Mayor de Blasio, FEMA Announce Plans to Revise NYC Flood Maps  PBS NewsHour: East New York painter confronts the ‘brutal’ force of gentrification Emergency Management: With Hurricane Season Upon Us, Do You Know […]

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Center for NYC Neighborhoods Launches Tracker To Alert Homeowners To Tax Lien Sale

For Immediate Release: xxxxx Contact: Jovana Rizzo, 646-200-5329, jovana@berlinrosen.com; Cristian Salazar, 646-796-0898, cristian.salazar@cnycn.org Center for NYC Neighborhoods Launches Tracker To Alert Homeowners To Tax Lien Sale Interactive map at cnycn.org/NYC-tax-lien-sale allows communities and stakeholders to assess the impact on their neighborhoods, help neighbors get off the sale list NEW YORK, NY – The Center for […]

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Asset Rich and Cash Poor in Bed-Stuy

Posing with fellow presenters (L-R), Audra Barrow of the Law Office of Audra J. Barrow, Candi Hinton of Transamerica Financial Advisors, Inc,  Eustace Greaves of Greaves Financial Services & The Bridge Insurance Agency, Masanna Johnson of Bridge Street Development Corporation, Don Eversley of Bridge Street Development Corporation, Idesta Severin of the Office of Financial Education […]

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Reverse Mortgages: Get the Facts

For many seniors with equity in their homes, reverse mortgages are an appealing opportunity. In a conventional mortgage, homeowners make monthly mortgage payments to their lender and build equity over time in their home. Conversely, in reverse mortgages, homeowners receive money from their lender, with the understanding that they are in essence drawing down equity […]

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Don’t be on the tax lien sale list

On May 16th, thousands of New York City homeowners whose budgets are already stretched thin could face an additional financial burden. Homeowners who are behind on their property taxes or water/sewer payments, or those who’ve had emergency repairs made by the City, may see those debts sold to a third-party collection agency. Once a tax […]

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