A Continued Push to Fix the Foreclosure Mess in the NE Bronx
With the northeast Bronx still facing the highest number of foreclosures in the borough, a local councilman proposes a plan that could stave off foreclosures, coinciding with a larger goal with city officials. Councilman Andy King, representing the 11th Council District, is turning to extending the deadline on lien sales from one to two years. Liens, a collection of unpaid debts that could include water bills, are given at least one year to be paid off by the city Finance Department. As it stands, liens are typically sold to a lien servicing company after one year. The buyer can attach
