According to PropertyShark‘s latest monthly report, the number of new foreclosure auctions scheduled in Brooklyn, as well as lis pendens filed in the borough, both continue to drop on a year-over-year basis. Last month there were 12 newly scheduled residential foreclosure auctions in Brooklyn, a 61 percent decrease from April ’10, when there were 31, and a 54 percent decrease from this March, when there were 26. Meanwhile, there was a 21 percent year-over-year drop in lis pendens filed in Brooklyn: 317 last month compared to 399 in April ’10. (However, Brooklyn had the second-highest number of lis pendens filed in the city; Queens had the most, with 373 filed last month.) Citywide, PropertyShark tallies peg the number of newly scheduled foreclosure auctions at 93 last month, a 65 percent decrease from April ’10, and the company shows a 23 percent year-over-year decline in lis pendens in the five boroughs.
PropShark: Dip in Scheduled Foreclosure Auctions [Brownstoner]
Feb Foreclosures: Downward Trend Continues [Brownstoner]
January Foreclosures: Not Much to See Here [Brownstoner]