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Real Estate & Property Law

: The Home Equity Theft Reporter

As Million$ In Unpaid Real Estate Taxes Pile Up, City Reluctant To Foreclose, Seize Deteriorating Multi-Unit Residential Buildings

By r morris

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In New York City, The New York Times reports:Hundreds of buildings, from the South Bronx to central Brooklyn, whose renovation and rescue from ruinous debt were critical to the rebirth of blighted neighborhoods, are again in severe financial trouble. That poses a dilemma for the city, which began unloading the properties in the mid-1990s as part of an arduous effort to divest itself of thousands

Full post as published by The Home Equity Theft Reporter on July 24, 2010 (boomark / email).

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