Third Quarter Report: Foreclosures Down in Brooklyn

Our foreclosure rate here in Brooklyn dropped one whole percentage point this quarter, according to the Q3 reports from Property Shark. Staten Island and Queens are both hurting, with a 44% and 19% increase respectively; one in every 952 SI homes was in foreclosure. Manhattan’s in the best shape, apparently, with an 8% decrease. The top zip code for lis pendens, however, was 11208, which encompasses East New York, New Lots, City Line and Starrett City.
Feb 09, 2012 | 11:02 AM