The Real Deal New York

NYC-area foreclosures up slightly in November

January 29, 2013 12:00PM

Foreclosure rates in New York-White Plains-Wayne increased slightly year-over-year in November, according to newest foreclosure data from CoreLogic. The foreclosure rate among outstanding mortgages in November 2012 was  5.59 percent, a 0.22 percent increase from November 2011, when the rate was 5.37 percent.

The same marginal increase was also represented in the mortgage delinquency rate for New York-White Plains-Wayne. In November 2012, 8.83 percent of mortgage loans were 90 days or more delinquent compared to 8.66 percent for the same period last year — an increase of 0.17 percentage points.

New York City posted a foreclosure rate of 5.12 percent in November and a 90-day delinquency rate of 8.36 percent, compared to a foreclosure rate of 4.59 percent and delinquency rate of 7.87 percent in 2011. New York City posted the largest year-over-year foreclosure rate increase of 0.53 percent. —Christopher Cameron