Mr. Auctioneer! New Yorkers Call for Moratorium on Foreclosures, Oct. 13

NEW YORK–(ENEWSPF)–October 13, 2011.  New Yorkers will gather outside the Kings County Supreme Court on Thursday, October 13 at 3 pm to raise awareness of the foreclosure auctions that take place there each week.

Every week in New York City, in all five boroughs, homes are put up for auction and sale. Speculators purchase homes at discounted rates and flip them. Banks buy back homes to balance their books, evicting the homeowners and letting the…