Tuesday, June 30, 2009

NYC: foreclosure filings and consumer credit cases explode over the last year

Letter From The President Of The New York County Lawyers' Association:

Now is the time for all good lawyers to come to the aid of their neighbors. We have seen the number of foreclosure filings and consumer credit cases explode over the last year. According to The New York Times, "Lawyers, judges and tenant advocates say the staggering economy has sent an increasing number of middle-class renters across New York City to the brink of eviction, straining the legal and financial services of city agencies and charities. . . . Overall, court records show that the number of cases filed citywide for nonpayment of rent jumped about 19 percent in the first two months of 2009 from the same period last year, to 42,257 from 35,588." This translates into more than 250,000 eviction cases annually.

Read more...http://www.metrocorpcounsel.com/current.php?artType=view&artMonth=July&artYear=2009&EntryNo=9918

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