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The Real Deal

The Real Deal

Business

Business & Economics

Signature rent-stabilized foreclosures are starting. Personal liability is in play.

The Real Deal
Summary
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70% Informative

A dozen foreclosure complaints have hit the courts in 10 days .

Community Preservation Corporation , one of three parties in the venture, said the suits were not its opening strategy for the $6 billion in loans, which were deemed toxic after a 2019 law devalued some of the deals to next to nothing.