New York State saw 4,027 foreclosure filings in May
Updated, 12:32 p.m., June 14: Foreclosure filings in New York State increased two percent in May to 4,027, according to a new foreclosure market report from RealtyTrac. The numbers represent a year-over-year increase of 14 percent, but New York foreclosure rates remain at less than half the national average.
The monthly increase in overall foreclosure activity, according to the report, was caused primarily by a 95 percent spike in scheduled foreclosure auctions. A total of 508 properties statewide were scheduled for foreclosure auction in May, up 21 percent from a year ago and the highest numbers since October 2010. [more]