Brooklyn Senator faces foreclosure.State Senator Noun 1. state senator - a member of a state senate senator - a member of a senate Kevin Parker's two-story Flatbush home is facing foreclosure foreclosure Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Post. The four-term Democrat representing Brooklyn's 21st district hasn't paid his $488,000 mortgage in more than a year. Parker obtained the mortgage in 2006 with lender New Century Mortgage Corp., which folded, and the loan now belongs to DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal Mortgage Capital. DLJ claims in a lawsuit that it received only eight monthly payments, and the lender waited just over a year to start foreclosure action. Neighbors said there has been a for sale sign in front of the house for six months, and no one has been living there. Parker has been an advocate for foreclosure relief, and last summer announced he supported "Operation Protect Your Home," an effort to help homeowners keep their properties. |
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