The Real Deal New York

Six percent fewer homeowners received foreclosure notices last month than in April, according to statistics from RealtyTrac released yesterday. The number of foreclosure notices fell 9.3 percent year-over-year, to 1,885 notices. But if unemployment jumps again, it could trigger an increase in foreclosures, said Daren Blomquist, a RealtyTrac spokesperson. Of the boroughs, Queens saw the highest number of foreclosure notices, with 713, but that foreclosure rate was still down almost 13 percent from April and almost 16 percent year-over-year.