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Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; Healthcare decision planning important for CT residents; Debt dilemma poll: Hoosiers wrestle with college costs.

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Civil Rights activists say a court ruling could end the right to protest in three southern states, a federal judge lets January 6th lawsuits proceed against former President Trump and police arrest dozens at a Columbia University Gaza protest.

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Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

Forecast for New York: “Tsunami” of Foreclosures

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Wednesday, March 9, 2011   

ALBANY, N. Y. - Nearly 69,000 home loans statewide are at imminent risk of foreclosure in New York, and the majority of them are prime, rather than subprime or 'alt-A' loans. In comparison, nearly 80,000 New York homes are already in foreclosure and, according to a new report that details the breadth of the problem, many are stalled in the pipeline while banks deal with the fallout from the robo-signing scandal.

Kristin Brown Lilley, director of policy advocacy for the Empire Justice Center, says while New York is in better shape than many states, the foreclosure crisis here is not even halfway over.

"We are really predicting a foreclosure 'tsunami' in the next year or so."

Following the controversy over robo-signing, in which foreclosure documents were being automatically processed by lenders who may not have even read them, banks have been ordered by New York State to comply with new regulations affirming that documents are correct. Brown Lilley says that has created a backup in the system.

"Once the banks do all figure out how to comply with this new rule, there will be a flood of foreclosures hitting the courts."

The report is online at www.empirejustice.org. While the problem is acute in New York City, Long Island and the Hudson Valley, Brown Lilley says it is not confined to urban or suburban areas.

"Every county in the state has a very high number of foreclosures for that population and, in many cases, an even higher number of imminent foreclosures for that population."

She says the need for free assistance for homeowners threatened with losing their homes will be greater just as funding begins drying up at the end of this year, unless the governor and state lawmakers act to restore it. Those programs were not included in Gov. Cuomo's budget as he and the legislature try to reduce the state's estimated $10 billion deficit.



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