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The Justice Center News blog features our advocacy on issues affecting low-income New Yorkers today and the latest CBJC happenings.  For press releases, click here. For publications, click here.

Little Oversight, Deals Signed in the Dark: How Speculators Cash In When NYC Homeowners Die Without Wills

by CBJC Staff July 26, 2023

Lawmakers, court authorities and city agencies have failed to safeguard the estates of homeowners who die without wills, threatening the transfer of Black and Latino generational wealth. K. Scott Kohanowski, director of the Homeowner Stability Initiative at the City Bar Justice Center, says the predation of homes without wills is “the biggest problem that nobody has heard of.” “It’s something that flies under the radar. It definitely results in a loss of homeownership, especially within communities of color,” he said. “That’s been a huge issue in New York City because there’s been a large flight of Black residents… just because housing is expensive and it’s so difficult to find.”

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