Tag: Eva Sanchis

Elba Reyes, here with one of her children, has seen Bushwick deteriorate - Photo: Eva Sanchis/El Diario La Prensa

Stimulus Funds Are Not Enough to Fight Foreclosures in New York

Homeowners in Bushwick have seen home prices sink 45% in two years. Hopes for the neighborhood’s revitalization rest on the federal Neighborhood Stabilization Program 2, but its benefits are uncertain.

Opportunists are making a killing in Bushwick - Photo: Eva Sanchis/El Diario La Prensa.
AudioStories

Mortgage Modification Swindlers Prey on Desperate Homeowners in Hispanic Area in Brooklyn

After President Obama announced a $75 billion plan for homeowners in distress, shady companies started offering Bushwick residents help with their mortgage modifications… for a fee.

Bushwick has been gravely affected by the housing crisis - Photo: Eva Sanchis/El Diario La Prensa

In Brooklyn, Mortgage Crisis Eats Away Wealth of Several Generations of Hispanics

Subprime loans and costly refinancing proliferated in the predominantly Hispanic neighborhood of Bushwick before the housing crisis. Now area families face the consequences.