Brooklyn Foreclosures Up Modestly in Second Quarter

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According to a report released yesterday by Property Shark, the number of foreclosures rose from 129 to 147 between the first and second quarters of this year. Foreclosures were up in all five boroughs, though Queens remains by far the biggest problem area, representing half of all foreclosures in the city. The biggest percentage increase occured in the Bronx, where the number increased from 47 to 83. Overall, the rate of foreclosures per household in New York City was much more favorable than in Seattle, Los Angeles and Miami, the other three cities measured for the report.

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By Brownstoner |