Property Shark released its August Foreclosure report this morning, and the news is that while four boroughs have seen a decrease in foreclosures, they’re still rising in Queens. “The current number (254) is up 113% from August 2007, and up 43% from July 2008, setting a two-year high for Queens,” they report. Brooklyn’s doing better, though — foreclosures sunk 29% compared to July. Most foreclosures occur in single- and two-family houses; only nine condos foreclosed.
August Foreclosure Report [Property Shark]