The rate of foreclosure filings in New York City dropped a dramatic 24.9 percent to 17,191 in 2010, compared to the prior year, according to a report released today by the New York State Comptroller (see full report below). Queens led the recovery, despite its reputation as a haven for foreclosure activity, with the number of foreclosure filings in the borough dropping by 45 percent. This citywide decrease in the number of foreclosures last year came after a steady climb in the rate of filings during the previous four years — between 2006 and 2009, number of foreclosure filings increased by 31.7 percent. Neighborhoods on the outskirts of Brooklyn and Queens struggled the most with foreclosures in 2010 — East New York had the highest rate, with 16.8 out of every 1,000 households in foreclosure. TRD
NYC foreclosures down 25% in 2010
New York /
Mar.March 18, 2011
04:54 PM
Related Articles
arrow_forward_ios

Northwind files to foreclose on NoMad condo, rental properties

Auction set for long-vacant East Village school as owner vows to fight

Sternlicht’s LNR aims to foreclose on Veracity’s Soho condo

Bizarre bankruptcy stops Brooklyn condo project foreclosure

Troubled Midtown rental saga headed for a foreclosure finale

Disbarred lawyer charged in deed theft scheme — again
arrow_forward_ios