Bush's visit spotlights local housing crisis

President Bush spotlighted efforts to save struggling homeowners from foreclosure during his visit to the tri-state area Friday. Many in Westchester and Hudson Valley believe the government should do

News 12 Staff

Mar 28, 2008, 9:20 PM

Updated 5,964 days ago

Share:

President Bush spotlighted efforts to save struggling homeowners from foreclosure during his visit to the tri-state area Friday.
Many in Westchester and Hudson Valley believe the government should do more to help homeowners with mortgage troubles and help residents stay in their homes. Currently, there are 228 bank-owned home foreclosures in Westchester, 110 in Rockland and 258 in Orange County. Many say they are struggling to stay in their homes. ?We have a role to play at the federal government to help lenders and borrowers work together to avoid foreclosure,? said Bush during his trip to New Jersey.
However, Bush is stressing the up side, saying despite the subprime mess, most Americans are making their payments. That sentiment was shared by Yonkers homeowner, Margaret Estaba. She plans to do whatever she can to stay in the historic brick townhouse she purchased through a housing program.
Attorney Walter Schorsch specializes in real estate. He blames the banks for creating a financial mess, because they did not watch their lending practices carefully. Schorsch thinks homeowners should try to work with their lender to find a solution, so the American dream of owning a home remains alive.Hope Now


More from News 12
1:52
Hudson Valley doctors warn of listeria dangers following multi-state outbreak

Hudson Valley doctors warn of listeria dangers following multi-state outbreak

1:56
Sunny skies and warm temps for Saturday in the Hudson Valley

Sunny skies and warm temps for Saturday in the Hudson Valley

0:38
Multimillion-dollar transformation on the way for sections of Hudson Valley

Multimillion-dollar transformation on the way for sections of Hudson Valley

0:32
Veteran firefighter who suffered stroke receives warm welcome home

Veteran firefighter who suffered stroke receives warm welcome home

0:17
Yorktown police sergeant celebrates final walkout following 2 decades of service

Yorktown police sergeant celebrates final walkout following 2 decades of service

1:40
Lithium-ion battery fire blamed for closure of Newburgh tailor shop

Lithium-ion battery fire blamed for closure of Newburgh tailor shop

0:52
Slate Hill family of 5 loses home in afternoon blaze

Slate Hill family of 5 loses home in afternoon blaze

0:37
2 people charged in Middletown narcotics; firearms bust

2 people charged in Middletown narcotics; firearms bust

1:30
Motorcycle, van crash in Greenburgh causes serious injuries

Motorcycle, van crash in Greenburgh causes serious injuries

0:56
News 12 probes mystery cloud traced to Orange County & seen throughout tri-state area

News 12 probes mystery cloud traced to Orange County & seen throughout tri-state area

1:02
Hillcrest Fire Department receives 2,000 cans of drinking water, courtesy of Anheuser-Busch

Hillcrest Fire Department receives 2,000 cans of drinking water, courtesy of Anheuser-Busch

1:37
Storm Watch Team Meteorologist Skyler Harman strikes down lightning myths

Storm Watch Team Meteorologist Skyler Harman strikes down lightning myths

2:33
Can swimming become dangerous due to extremely high water surface temperatures?

Can swimming become dangerous due to extremely high water surface temperatures?

0:32
NYC officials: Westchester caseworker’s death ruled a homicide

NYC officials: Westchester caseworker’s death ruled a homicide

0:40
State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program

State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program

0:34
Ex Frito-Lay employee files defamation lawsuit against PepsiCo claiming he invented ‘Flamin’ Hot Cheetos

Ex Frito-Lay employee files defamation lawsuit against PepsiCo claiming he invented ‘Flamin’ Hot Cheetos

0:40
Executive orders still in place preventing Rockland County and Orange County hotels from converting into migrant shelters

Executive orders still in place preventing Rockland County and Orange County hotels from converting into migrant shelters

0:54
Headlines: Drug ring prison sentence, Newburgh felony charge, uptick in car thefts in Briarcliff Manor

Headlines: Drug ring prison sentence, Newburgh felony charge, uptick in car thefts in Briarcliff Manor

0:20
Man sentence to 10 years in prison for running Orange County drug ring

Man sentence to 10 years in prison for running Orange County drug ring

0:34
Finger in salad lawsuit against Chop’t discontinued

Finger in salad lawsuit against Chop’t discontinued