Foreclosures and Neighborhood Impacts in New Jersey Federal Clevelandfed Form

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this is the greatest fastest moving downward pressure I've ever seen the subprime foreclosure crisis the economic downturn the lack of mortgage money has begun to unravel neighborhoods the greatest danger to neighborhoods today is vacant houses they get vandalized sometimes squatters move in they become places to hide drugs and sell drugs some of them catch on fire they all lose value and they're a menace to urban a burruss pecially the vulnerable ones this problem of foreclosure and our neighborhoods is bigger than any one organization has the resources to address okay how's everyone doing everyone's good welcome to the monthly meeting for the Newark essence foreclosure taskforce I hope everyone is doing well enjoying it the Newark Essex foreclosure task force is a coalition of around 40 organizations that came together in the fall of two thousand seven to try to confront the growing foreclosure problem in our area ok so the mediation program they gave some numbers for that all the or