New Foreclosures Drop in Brooklyn
Foreclosure results for the five boroughs were mixed in August, according to numbers just released by Property Shark. Staten Island and Queens saw increases in both year-over-year and month-over-month numbers, while the Bronx, Manhattan and Brooklyn saw declines in both numbers. In Brooklyn, the number of new foreclosures dropped from 31 in August 2009 and…
Foreclosure results for the five boroughs were mixed in August, according to numbers just released by Property Shark. Staten Island and Queens saw increases in both year-over-year and month-over-month numbers, while the Bronx, Manhattan and Brooklyn saw declines in both numbers. In Brooklyn, the number of new foreclosures dropped from 31 in August 2009 and 37 in July 2010 to just 20 last month. (Click through to the jump for a map of the Brooklyn properties in question.) The big question is whether the trend is your friend or this is just the calm before the pent-up storm.
Affirmative action stamp? Yes, how else to explain why his only real job was “organizing” poor people? No bills written as senator, no law review articles. No grades published, no birth certificate provided. A complete magician at turning nothing into something. Terrorist buddies. Depraved “preacher’s” church, et al, et al. But yes, he has a sexy voice!
“Affirmative action stamp?”
Says all I need to know about you, Brooklyncouch.
The huge increase in tax revenues?????? Oh you mean after they cut taxes hugely for the rich and then spent everything else on the UNNECESSARY WAR in Iraq? The bubble they created that made us think we were doing so well while they dug out the foundations from under us? Explain to me the crash that happened on the Bush administration’s watch. You remember- BEFORE Obama even got elected. Explain to me again how well the republicans took care of this country.And I’ll explain to you the concept of delayed toxic reaction.
Boy, brooklyncouch- you have serious issues of perception and racism. (That old affirmative action myth again- you just never learn, do you?)Take a chill pill or get a rabies shot. Something is bound to help.
8 years of the Bush administration is forgotten
Which part did I forget? The huge increase in tax revenues? The tiny unemployment rate? That it all ended when the Democrats took over Congress?
If Obama had lost in 2012, the unemployment rate would currently be 2-3% lower, easily. There still would have been a recession, but not the horror we are living now.
But no, we got a dolt with a smooth voice, and an affirmative action stamp in his passport. We got a Congress who needs to “pass bills so that you can see what’s in them.” We got a Congress and President that spent/wasted more in 20 minutes than during a supposed “bad” war.
When will you look in the mirror and admit that you voted, and continue to vote for morons who trade on lies and demagoguery? WHEN?
This is the most depraved, leftist Congress in history. This is the shit-iest, laziest, leftist President in history.
HOW HISTORIC!
Great point, denton. But Brooklyncouch never let a fact deter him from spouting wing nut talking points.
“If you vote Democrat, you deserve the economy you now have, and will have in the future (infinitely worse).
If you vote Democrat, France, socialism, and poverty, here we come!”
This is hilarious. 8 years of the Bush administration is forgotten, and the self-serving Republican antics, then and now, have no reality for you, bc? Were you born in 2008? Must be because you have a serious case of political and financial amnesia. Not to mention, you’ve got anger management issues too. You need reupholstering.
The very Ponzi nature of the mortgage market since 2003 caused its meltdown.
Simple, slick.
***Bid half off peak comps***
“Mostly because Whitey was exploiting everyone. Except he wasn’t.”
What a dick. Black people make up only 13% of the population, and it’s not states with majority black populations that are at the epicenter of the housing crisis. It’s Nevada, Arizona, and Florida. Not bedstuy.
“You’ve got no data, just the idiots at Property Shark. I will tell you that I once filed a LP seeking specific performance of a contract to sell property. Ok, a data set of one, but that’s one more than you got.” – slopefarm
The “idiots” at Property Shark have much more data and pre-foreclosure insight than you or I and they imply that most lis pendens are filed “When a property owner fails to make three [mortgage] payments in a row”.
“in the past four years…there have been no hearings/trials/investigations that found anything deregulated.” – Brooklyn Couch
No regulation is deregulation. Bill Black sent over 1,000 banksters/fraudsters to prison after the 90’s S&L crisis. Today we have an even bigger crisis yet very few in the financial industry are investigated, let alone convicted.
In 2009 Barney Frank politically coerced FASB (threatened charter) to change accounting rules from those of mark-to-market to Enron-style (keep asset values artificially inflated on balance sheet by not selling them, even though mark-to-market fire sales would crush them).
You call this regulation?!
***Bid half off peak comps***
Pay attention. there may be a test. The following caused the mortgage meltdown:
1. people taking out mortgages they could not afford based upon the never-ending increase in home prices.
2. securitization of mortgages so that the banks writing loans no longer had a vested interest in ensuring the loan would be paid back, causing loan prerequisites to fall to 0.
3. bond rating agencies that ignored the underlying weaknesses in the bonds they were grading.
4. bond holders who looked at the returns without any investigation of what they were buying.
5. regulatory environment that failed to notice or respond to any of the above.
My personal view of culpability is (from highest to lowest): 3, 2, 4, 1, 5.