{"id":41328,"date":"2014-03-27T08:06:36","date_gmt":"2014-03-27T12:06:36","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=41328"},"modified":"2014-03-27T08:06:36","modified_gmt":"2014-03-27T12:06:36","slug":"hedge-funds-unlikely-saviors-for-new-york-area-homeowners","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2014\/hedge-funds-unlikely-saviors-for-new-york-area-homeowners.html","title":{"rendered":"Hedge Funds Unlikely Saviors for New York-Area Homeowners"},"content":{"rendered":"<p>Bloomberg &#8211;\u00a0Louis Ragusa, who hasn\u2019t paid his\u00a0mortgage\u00a0in two years, says he now has a chance to save his Blackwood, New Jersey, home from foreclosure after a hedge fund bought the loan.<\/p>\n<p>American Homeowner Preservation, a Chicago-based investment firm, purchased the mortgage for less than half of what Ragusa owed. Chief Executive Officer Jorge Newbery called the father of three in August with an offer: Pay $5,000 and the company will drop the\u00a0foreclosure\u00a0case and erase the more than $100,000 of unpaid principal and penalties amassed.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-03-26\/hedge-funds-unlikely-saviors-for-new-york-area-homeowners.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211;\u00a0Louis Ragusa, who hasn\u2019t paid his\u00a0mortgage\u00a0in two years, says he now has a chance to save his Blackwood, New Jersey, home from foreclosure after a hedge fund bought the loan. American Homeowner Preservation, a Chicago-based investment firm, purchased the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41328","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=41328"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41328\/revisions"}],"predecessor-version":[{"id":41329,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41328\/revisions\/41329"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=41328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=41328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=41328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}