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Concerns Raised That Overleveraged, Deteriorating Residential NYC Buildings In F'closure Will Wind Up In Hands Of Speculators, Inexperienced Operators

By r morris

In New York City, Crain's New York Business reports:As tens of overleveraged apartment complexes slide toward foreclosure, fears are mounting that the new owners won't be any better than the ones they replace. Even those with the best of intentions may simply be too inexperienced or burdened by debt to fix up their buildings. Worries also abound that the new owners will drive out existing tenants

Full post as published by The Home Equity Theft Reporter on February 27, 2010 (boomark / email).