A revealing study titled Kids and Foreclosures: New York City was released yesterday by New York University’s Institute for Education and Social Policy and NYU’s Furman Center for Real Estate and Urban Policy. The study demonstrates that students living in homes subject to foreclosure suffered lower reading and math scores. The study also notes that …
New York foreclosures affect student performance too Read More »
In case you haven’t seen the news, several major banks–Bank of America, JP Morgan and GMAC–have declared a moratorium on foreclosures in 23 states, including New York. Why? Because they’ve been so sloppy in processing foreclosures that they face a wave of class action lawsuits and actions by state attorney generals. Specifically, a Bank of …
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