NYC’s foreclosures up in July

New York City’s foreclosure rate was up 67 percent last month compared to July 2007, according to PropertyShark.com’s monthly foreclosure report. The city recorded 338 foreclosures in July. While foreclosures fell 5 percent in Queens from 188 in June, the borough still had the city’s highest number of foreclosures at 178. Staten Island saw the highest increase of foreclosures compared to the prior month, up 86 percent to 54. Brooklyn’s foreclosures increased from 57 in June to 63 in July, and Manhattan foreclosures rose from 9 to 14. Between June and July in the Bronx, foreclosures decreased from 36 to 29. TRD