NYC-area foreclosures up slightly in November

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.

Sign Up for the undefined Newsletter

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