<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <html xmlns="http://www.w3.org/TR/REC-html40" xmlns:v = "urn:schemas-microsoft-com:vml" xmlns:o = "urn:schemas-microsoft-com:office:office" xmlns:st1 = "urn:schemas-microsoft-com:office:smarttags"><head><title>Albert Baldeo for City Council</title> <meta content="text/html; charset=unicode" http-equiv="Content-Type"> <style type="text/css"> <!-- img { border: none; } .tah10 { font-family: Tahoma; font-size: 10px; text-decoration: none; color: #000000; } .tah11 { font-family: Tahoma; font-size: 11px; text-decoration: none; color: #000000; } .ver10 { font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 10px; text-decoration: none; color: #000000; } .ver11 { font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; text-decoration: none; color: #000000; } .tah9 { font-family: Tahoma; font-size: 9px; text-decoration: none; color: #000000; } .ver9 { font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 9px; text-decoration: none; color: #000000; } td { vertical-align: top; } --> </style> <style type="text/css"> <!-- .bgdown { background-repeat: no-repeat; background-position: bottom; } span.xcmaintext {} h2 {margin-bottom:.0001pt; text-autospace:none; font-size:12.0pt; font-family:"Times New Roman"; font-weight:normal; margin-left:0in; margin-right:0in; margin-top:0in} --> </style> <meta name="GENERATOR" content="MSHTML 8.00.6001.18854"></head> <body leftmargin="0" topmargin="0" bgcolor="#ffffff" marginheight="0" marginwidth="0"><!-- ImageReady Slices (0005_red.psd - Slices: 03, 04, 05) --> <table border="0" cellspacing="0" cellpadding="0" width="100%" background=images/bg.gif bgColor=#ffffff align=center height="100%"> <tbody> <tr> <td bgcolor="#000000" background="images/bg.gif" rowspan="3" width="50%">&nbsp;</td> <td> <object codeBase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,29,0" classid=clsid:D27CDB6E-AE6D-11cf-96B8-444553540000 width=780 height=278><param name="_cx" value="20637"><param name="_cy" value="7355"><param name="FlashVars" value=""><param name="Movie" value="flash/0488.swf"><param name="Src" value="flash/0488.swf"><param name="WMode" value="Window"><param name="Play" value="-1"><param name="Loop" value="-1"><param name="Quality" value="High"><param name="SAlign" value=""><param name="Menu" value="-1"><param name="Base" value=""><param name="AllowScriptAccess" value=""><param name="Scale" value="ShowAll"><param name="DeviceFont" value="0"><param name="EmbedMovie" value="0"><param name="BGColor" value=""><param name="SWRemote" value=""><param name="MovieData" value=""><param name="SeamlessTabbing" value="1"><param name="Profile" value="0"><param name="ProfileAddress" value=""><param name="ProfilePort" value="0"><param name="AllowNetworking" value="all"><param name="AllowFullScreen" value="false"> <embed src="flash/0488.swf" quality="high" pluginspage="http://www.macromedia.com/go/getflashplayer" type="application/x-shockwave-flash" width="780" height="278"></embed></object></td> <td bgcolor="#000000" background="images/bg.gif" rowspan="3" width="50%">&nbsp;</td></tr> <tr> <td> <table border="0" cellspacing="0" cellpadding="0" width="96%" align="center" height=996> <tbody> <tr> <td height="990" width="2">&nbsp; </td> <td bgcolor="#ffffff" height="990"> <blockquote> <div align="left"> <div style="WIDTH: 687px; HEIGHT: 5139px"><span style="FONT-SIZE: 18pt"><span style="FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 10pt"><span style="FONT-SIZE: 14pt"><o:p></o:p></span> <div class="story_item_info"> <div class="story_item_date"><strong></strong></div></div><span style="FONT-SIZE: 16pt"><font size="2" face="Arial"> <h2 id="print-link-container">&nbsp;</h2> <h2 align="left"> <div class="even"> <p class="story_item" align="left"><img style="WIDTH: 164px; HEIGHT: 167px" border=0 hspace=0 src="images/Baldeo_pic_1_15.jpg" width=400 height=320></p> <div><strong><u><font size="4">"Thank you! Together, we will preserve the American Dream"</font></u></strong> </div> <div> <div><strong><em><u></u></em></strong>&nbsp;</div> <div>Hello everyone! Best Wishes for a Happy Chanukah, Merry Christmas, and Happy Kwanza! Great news! Governor Paterson signed the Mortgage Foreclosure law we have lobbied for&nbsp;last Tuesday, December 15th. </div> <div>&nbsp;</div> <div>Together, we did it! Thanks for your support in advocating for it. Special thanks&nbsp;to the media who joined us in this community effort:</div> <div>&nbsp;</div> <div><a title=http://www.zwire.com/site/index.cfm?newsid=20394790&amp;BRD=2731&amp;PAG=461&amp;dept_id=574908&amp;rfi=8 href="http://www.zwire.com/site/index.cfm?newsid=20394790&amp;BRD=2731&amp;PAG=461&amp;dept_id=574908&amp;rfi=8">http://www.zwire.com/site/index.cfm?newsid=20394790&amp;BRD=2731&amp;PAG=461&amp;dept_id=574908&amp;rfi=8</a> <div>&nbsp;</div></div> <div><a title="http://www.leaderobserver.com/pages/full_story/push?article-Op-Ed &amp;id=5042062-Op-Ed" href="http://www.leaderobserver.com/pages/full_story/push?article-Op-Ed &amp;id=5042062-Op-Ed">http://www.leaderobserver.com/pages/full_story/push?article-Op-Ed%20&amp;id=5042062-Op-Ed</a></div> <div>&nbsp;</div> <div><a title="http://www.glendaleregister.com/pages/full_story/push?article-Op-Ed &amp;id=5042062-Op-Ed" href="http://www.glendaleregister.com/pages/full_story/push?article-Op-Ed &amp;id=5042062-Op-Ed">http://www.glendaleregister.com/pages/full_story/push?article-Op-Ed%20&amp;id=5042062-Op-Ed</a></div> <div>&nbsp;</div> <div> <div><a title=http://www.thewestindiannews.com/governor-paterson-must-sign-foreclosure-legislation-to-help-thousands-of-new-yorkers-get-back-on-their-feet/ href="http://www.thewestindiannews.com/governor-paterson-must-sign-foreclosure-legislation-to-help-thousands-of-new-yorkers-get-back-on-their-feet/">http://www.thewestindiannews.com/governor-paterson-must-sign-foreclosure-legislation-to-help-thousands-of-new-yorkers-get-back-on-their-feet/</a><br><br></div> <div class="ecxgmail_quote"><a title=http://www.caribbeananalysis.com/governor-paterson-must-sign-foreclosure-legislation-to-help-thousands-of-new-yorkers-get-back-on-their-feet/ href="http://www.caribbeananalysis.com/governor-paterson-must-sign-foreclosure-legislation-to-help-thousands-of-new-yorkers-get-back-on-their-feet/">http://www.caribbeananalysis.com/governor-paterson-must-sign-foreclosure-legislation-to-help-thousands-of-new-yorkers-get-back-on-their-feet/</a></div> <div class="ecxgmail_quote">&nbsp;</div> <div class="ecxgmail_quote"><a title=http://www.camanabaytimes.com/governor-paterson-must-sign-foreclosure-legislation-to-help-thousands-of-new-yorkers-get-back-on-their-feet/ href="http://www.camanabaytimes.com/governor-paterson-must-sign-foreclosure-legislation-to-help-thousands-of-new-yorkers-get-back-on-their-feet/">http://www.camanabaytimes.com/governor-paterson-must-sign-foreclosure-legislation-to-help-thousands-of-new-yorkers-get-back-on-their-feet/</a></div> <div class="ecxgmail_quote">&nbsp;</div> <div class="ecxgmail_quote"><a title="http://www.brooklyndowntownstar.com/pages/full_story/push?article-Op-Ed &amp;id=5042062-Op-Ed" href="http://www.brooklyndowntownstar.com/pages/full_story/push?article-Op-Ed &amp;id=5042062-Op-Ed">http://www.brooklyndowntownstar.com/pages/full_story/push?article-Op-Ed%20&amp;id=5042062-Op-Ed</a></div> <div class="ecxgmail_quote">&nbsp;</div> <div class="ecxgmail_quote"><a title=http://www.albertbaldeo.com/news107.htm href="http://www.albertbaldeo.com/news107.htm">http://www.albertbaldeo.com/news107.htm</a></div> <div class="ecxgmail_quote">&nbsp;</div> <div class="ecxgmail_quote"><a href="http://www.thewestindiannews.com/united-we-stand-divided-we-fall/" target=_blank><font color=#0068cf>http://www.thewestindiannews.com/united-we-stand-divided-we-fall/</font></a></div> <div class="ecxgmail_quote">&nbsp;</div> <div class="ecxgmail_quote">&nbsp;</div> <div class="ecxgmail_quote">Queens Chronicle, Leader Observer, Glendale Register, Forum South and West, Downtown Star, Baiganchoka.com, and all others.</div> <div class="ecxgmail_quote">&nbsp;</div> <div class="ecxgmail_quote">Hopefully, we can keep the American Dream of home ownership alive in our neighborhoods, and improve on the deeply troubling reality shown below:</div></div> <div>&nbsp;</div> <div> <p class="ecxMsoNormal"><b><u><font face="Times New Roman">FORECLOSURE STATISTICS</font></u></b></p> <p class="ecxMsoNormal"><i><font face="Times New Roman">State Statistics Provided by RealtyTrac.com showing the Top Ten Counties with the Highest Number of Foreclosures Across NYS from January 1 to October 1, 2009</font></i></p></div></div></div></h2> <ul> <li> <div class="ecxMsoNormal"><font size="3">Queens: 10,521 foreclosures</font></div></li> <li> <div class="ecxMsoNormal">Suffolk: 7,965 foreclosures</div></li> <li> <h2 class="ecxMsoNormal"><font face="Arial">Kings: 7,872 foreclosures</font></h2></li> <li> <h2 class="ecxMsoNormal"><font face="Arial">Nassau: 6,781 foreclosures</font></h2></li> <li> <h2 class="ecxMsoNormal"><font face="Arial">Monroe: 4,009 foreclosures</font></h2></li> <li> <h2 class="ecxMsoNormal"><font face="Arial">Bronx: 3,071 foreclosures</font></h2></li> <li> <h2 class="ecxMsoNormal"><font face="Arial">Westchester: 3,070 foreclosures</font></h2></li> <li> <h2 class="ecxMsoNormal"><font face="Arial">Erie: 2,685 foreclosures</font></h2></li> <li> <h2 class="ecxMsoNormal"><font face="Arial">Richmond: 2,506 foreclosures</font></h2></li> <li> <h2 class="ecxMsoNormal"><font face="Arial">Orange County: 1,469 foreclosures</font></h2></li></ul> <h2 class="ecxMsoNormal"><font size="4" face="Times New Roman"><strong><u>****New York County reports 1,238 foreclosures****</u></strong></font></h2> <h2 class="ecxMsoNormal"><font face="Times New Roman"></font>&nbsp;</h2> <h2 class="ecxMsoNormal"><b><u><font face="Times New Roman">ADDITIONAL STATEWIDE STATISTICS </font></u></b></h2> <h2 class="ecxMsoNormal"><b><u><span style="TEXT-DECORATION: none"><font face="Times New Roman"></font></span></u></b>&nbsp;</h2> <h2 style="LINE-HEIGHT: normal; TEXT-INDENT: -0.25in" class=ecxListParagraphCxSpFirst><span style="FONT-FAMILY: Symbol; FONT-SIZE: 12pt"><span>·<span style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt">A Credit Suisse report from December 2008 predicts that in the next four years, more than 230,000 additional homes in NYS are expected to be lost to foreclosure, costing the state s economy more than $4 Billion.<i></i></span></h2> <h2 style="LINE-HEIGHT: normal; TEXT-INDENT: -0.25in" class=ecxListParagraphCxSpMiddle><span style="FONT-FAMILY: Symbol; FONT-SIZE: 12pt"><span>·<span style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt">The Furman Center for Real Estate and Urban Policy reports that in New York City, the same predominantly minority neighborhoods that saw the highest rates of subprime lending are now experiencing the highest rates of foreclosure.<i></i></span></h2> <h2 style="LINE-HEIGHT: normal; TEXT-INDENT: -0.25in" class=ecxListParagraphCxSpMiddle><span style="FONT-FAMILY: Symbol; FONT-SIZE: 12pt"><span>·<span style="FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt">According to the Center for Responsible Lending, in NYS in 2009-2012, more than six million neighboring homes will experience devaluation meaning a decrease in house value of around $241,715 and an average decline in home value of $37,649<i></i></span></h2> <h2 style="LINE-HEIGHT: normal" class=ecxListParagraphCxSpLast><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"></span>&nbsp;</h2> <h2 class="ecxMsoNormal"><b><u><font size="3"><font face="Times New Roman">ADDITIONAL NATIONWIDE STATISTICS<i></i></font></font></u></b></h2> <h2 class="ecxMsoNormal"><i><font size="3" face="Times New Roman"></font></i>&nbsp;</h2> <h2 class="ecxMsoNormal"><i><font size="3"><font face="Times New Roman">Nationwide Statistics Provided by the Center for Responsible Lending from August 2009</font></font></i></h2> <ul> <li> <h2 class="ecxMsoNormal"><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt">1.5 Million homes are already lost to foreclosure</span></h2></li> <li> <h2 class="ecxMsoNormal"><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt">13 Million homes are projected<span>&nbsp; </span>for foreclosure on all types of loans during the next 5 years</span></h2></li> <li> <h2 class="ecxMsoNormal"><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"></span><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt">1 in 10 homeowners are late on their mortgage</span></h2></li> <li> <h2 class="ecxMsoNormal"><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"></span><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt">Nearly 1 in 5 homes are owned by homeowners who owe more than the property value</span></h2></li> <li> <h2 class="ecxMsoNormal"><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"></span><span style="FONT-FAMILY: Symbol; FONT-SIZE: 12pt"><span><span style="FONT: 7pt 'Times New Roman'">&nbsp;</span></span></span><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt">In 2009, more than 69 Million neighboring homes will lose property value because of nearby foreclosed homes.</span></h2></li> <li> <h2 class="ecxMsoNormal"><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"></span><span style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt">61% of 2006 sub-prime loans went to people who could have qualified for prime loans with better terms<i></i></span></h2></li></ul> <h2 class="ecxMsoNormal"><i><font size="3" face="Times New Roman"></font></i>&nbsp;</h2> <h2 class="ecxMsoNormal"><i><font size="3" face="Times New Roman"></font></i>&nbsp;</h2> <h2 class="ecxMsoNormal"><i><font size="4" face="Arial"><strong>Albert Baldeo</strong></font></i></h2></font> <p class="ecxMsoNormal"><a title="http://www.albertbaldeo.com/" href="http://www.albertbaldeo.com/">www.albertbaldeo.com</a></p></span></span></span></div></div></blockquote></td> <td bgcolor="#ffffff" height="990" width="100%"> <div align="left"></div></td> <td height="990" width="238">&nbsp; </td></tr></tbody></table></td></tr> <tr> <td height="100%"> <table border="0" cellspacing="0" cellpadding="0" width="780" height="100%"> <tbody> <tr> <td height="63" background="images/bg_down.gif" width="780"> <div style="WIDTH: 780px; HEIGHT: 40px; PADDING-TOP: 13px" class=tah11 align=center><strong>&nbsp; <font style="COLOR: #bc8282">AlbertBaldeo.Com © 2005</font> </strong></div></td></tr> <tr> <td height="100%" width=780>&nbsp;</td></tr></tbody></table></td></tr></tbody></table></body></html>