Lien Sales Prime Targets for Foreclosures in Bronx, New York
The most recent statistics from the real estate segment of the economy rolling in seems to signal an end to the foreclosure crisis. It had mauled the neighbourhoods of New York 2009. But the worst hit areas in Bronx (north-west) the fear of losing their houses continues to haunt the residents.
About 3,000 residential and business houses are threatened by lien sales by August. It will make these units the prime targets of foreclosure as per the findings of University Neighborhood Housing Program. Similar threatening news alerted dozens of residents of Bronx to attend West Bronx Homeowner Resource Fair held at Davidson Center last Wednesday 13th July. They came flocking for assistance.
One of the attendees was Wayne Mayo who is in his mid forties. He knows the fear of the dreaded lien. He hurried to get his father’s house of forty five years off the list scheduled to be sold by 2nd August.
Mayo explained that his octogenarian father, a veteran of World War II, failed to clear his due bills after he became ill. Mayo junior said, “The reason I’m here today is to make sure he doesn’t end up on the list again”. Mayo is battling his own financial wars since he lost his job as director of a radio programme in 2008. On top of this has been the problem of his father’s property slipping off.
Foreclosure was knocking at the door of many who were attending the fair. An elderly lady from Sound-view said each time she thinks about it, tears well up. Wiping her eyes she chose to be anonymous. She was reflecting on her house that had been hers since the last two decades. She was attending the fair to know more about the matter.
The coordinator of the fair reaching out to the people was Jumelia Abrahamson. UNHP had hosted the event. She said, “Hopefully, they’re linked to a responsible agency”. Abrahamson further informed that over the previous five years they have been holding similar fairs and UNHP has witnessed a gradual increase in the number of participants.
Also present at hand to discuss alternatives with the house owners were officials from Environmental Protection Department, Finance Department and Housing and Preservation Department.
Private counseling was provided by volunteer representing Parodneck Foundation. Also giving invaluable advice about trimming costs and avoiding foreclosures or lien sales,were representatives of Sustainable South Bronx, Northwest Bronx Community as well as Clergy Coalition and West Bronx Housing and Neighborhood Resource Center. City Councilman Fernando Cabrera (Democrat/Fordham) helped to sponsor the event.
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