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Ved Parkash’s Deal to Avoid Foreclosure | Real Estate News
Ved Parkash, New York’s most notorious landlord, dodges foreclosure by agreeing to sell three troubled buildings—including a Bronx and Queens property—after defaulting on a loan. His lender, Community Stabilization Partners, pauses foreclosure on ten other buildings and cuts payments for two years, giving him time to fix 21 properties plagued by mold, broken elevators, and a long history of violations. Parkash, a perennial tenant adversary with lawsuits, discrimination claims, and wage theft allegations dating back to 2015, now faces an independent monitor overseeing repairs. Buyers are still…
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