As the number of foreclosed homes in New York rises, there is one place New Yorkers can find help. In our first It’s the Economy, NY online interview, we spoke with Michael Hickey, executive director of the Center for New York City Neighborhoods. The center, created in 2007, is a not-for-profit organization that works with other groups in the city that offer legal services, counseling, community outreach and educational activities for those facing foreclosure. Call 311 or the center directly: 646.786.0888.
But first take a look at the process of what happens after a home is foreclosed upon. We followed a mother and daughter team on Staten Island who work on REO (real estate owned) properties every day. Valerie and Lauren Wonica of Wonica Realtors & Appraisers, in business for more than 30 years, expect to see up to 90 REOs this year compared to 10-20 a couple of years ago.
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Welcome to our first online exclusive interview–Andrew Sorkin spoke with Michael Hickey, who leads the Center for New York City Neighborhoods.
Have questions or suggestions about this interview? let us know in the comments.
For help with foreclosure issues, contact the Center for New York City Neighborhoods directly at 646.786.0888 or call 311.
Jessica Windt served as Associate Field Producer on the “Real Estate Owned Properties” video. Ken Eng served as photographer/editor and Monica Kapoor as production assistant.