Manhattan first-time foreclosures double 

New York City first-time foreclosures dropped slightly for the sixth consecutive month in November due to the bank moratorium, according to a foreclosure report by PropertyShark.com released today, but doubled in Manhattan from a year previous, to 16 — the same number as were scheduled in Queens last month.

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This is the first time that Manhattan and Queens have reached the same level of first-time foreclosures, the report says. There were only eight first-time foreclosures in Manhattan in November 2010, compared with 16 last month, while there were 70 first-time foreclosures in Queens in November 2010, compared with 16 last month.

Despite the low number of new scheduled foreclosure auctions, pre-foreclosure filings, or Lis Pendens, remained steady. There were 715 residential properties in the five boroughs that received lis pendens filings in November 2011, only 2 percent less than in November 2010. — Katherine Clarke