real-estate

Schenectady mayor holds event to attract real estate agents – Local Politics

Since the mid-1990’s Schenectady‘s administration auctions off defaulted properties to the public, through Randy Passano, Collar City Auctions (www.collarcityauctions.com) .  Generally, homes and single lots start at $50+.  (take the time to tour the homes on available dates listed on the website).  . Schenectady, NY

via Schenectady mayor holds event to attract real estate agents – Local Politics.

HSBC Sued By Atlanta-Area Counties Over Predatory Lending Claims

 

HSBC Sued By Atlanta-Area Counties Over Predatory Lending Claims.

ATLANTA — Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC cost them hundreds of millions of dollars in extra expenses and damage to their tax bases by aggressively signing minorities to housing loans that were likely to fail.

The Georgia counties’ failure or success with the relatively novel strategy could help determine whether other local governments try to hold big banks accountable for losses in tax revenue based on what they claim are discriminatory or predatory lending practices. Similar lawsuits resulted in settlements this year worth millions of dollars for communities in Maryland and Tennessee.