While foreclosures city-wide were down slightly in the first quarter versus a year ago, they were down significantly in Brooklyn. According to PropertyShark, there were only 37 foreclosures in Brooklyn over the last three months, versus 140 in the first quarter of 2008 and 83 in the fourth quarter of 2008; Manhattan also saw a marked decline. You can check out a dynamic map of the Brooklyn properties here. If the same thing were happening in the Bronx and Queens, we might chalk it up to the government and bank programs, but that doesn’t appear to be the case. So any ideas what could explain this trend in Brooklyn?