Public Advocate Jumaane Williams' Canarsie home was foreclosed per a recent New York Post report, stemming from mortgage default since 2010. Williams leveraged the property for business funding in the early 2000s. Following a court ruling, the auctioned home failed to attract substantial bids and reverted to the bank. His spokesperson cited exploitative banking practices while highlighting that many New Yorkers are threatened by similar issues, prompting Williams to advocate against rent hikes and predatory financial behaviors affecting families.
As has been extensively covered for a decade, the Public Advocate has an investment property in the foreclosure process, in part due to exploitative banking practices.
Many New Yorkers are facing much worse today - losing their family homes as a result of the affordability crisis and predatory practices.
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