Foreclosed Home Listings in New York Offered with Discounts

by cassy82 | February 9, 2010 at 07:58 am

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Foreclosed home listings in New York that highlight homes in distressed neighborhoods will soon be offered at deeper discounts to hasten the implementation of the NSP program. Foreclosure filings in New York City rose to more than 20,000 in 2009.

Foreclosed home listings in New York that highlight houses in distressed neighborhoods will soon be offered at deeper discounts of about 20 to 25 percent to hasten the implementation of the city’s Neighborhood Stabilization Program.

This week, New York Mayor Michael Bloomberg and other city officials were criticized for not fulfilling their promise made in 2009 to act quickly and fix vacant foreclosed homes to be sold to lower-income households.

As of last week, the city has purchased only eight vacant homes and has repaired none of them. No house has been resold.

By Cassiano Travareli