For the gazillionth month in a row, the only borough in New York City to exhibit foreclosure problems was Queens, which had 183 foreclosures in February compared to 170 in January. Meanwhile, according to statistics from PropertyShark, Brooklyn held firm at 12 for the month, not much more than in Manhattan, where totals inched up from 5 to 9 last month. Presumably most of the problems we all read about on a daily basis are just working their way through the system or getting restructured, extended, etc. Even with that backdrop these numbers seem crazily low, no?
February Foreclosures Report [Curbed]