More NYC Homeowners In Trouble From Subprime Refinancing

The New York Post recently ran a story about a Staten Island family who ran into trouble when they were approved for a second mortgage loan that they couldn't afford. For more, see Foreclosing In (S.I. Family losing House).

The New York Times recently ran a similar story about two Queens families, each of whom are in position to possibly lose their long-time homes to foreclosure due to a subprime refinance (in one case, the home has been in the family for over 30 years; in the other - close to 45 years). For more, see Urban Tactics - Stranger at the Door.