PropertyShark just released a quarterly report covering first-time residential foreclosures in the city, and while the downward trend of first-time foreclosures continues, there may be a slight sign of worry on the horizon: Pre-foreclosures, or lis pendens, were up 13 percent, to 2,355, in the first quarter of this year, as compared to 2,090 in the fourth quarter of last year. Let’s talk Brooklyn, though: The borough was the only one in NYC in which newly scheduled foreclosures rose slightly (5 percent, 40 in total) compared to last quarter but, of course, that number is still super low, and it also represents a whopping 26 percent decrease compared to the first quarter of 2011. Meanwhile, Brooklyn also saw a 6 percent rise (724 total) in lis pendens compared to last quarter but, again, that’s still a 27 percent decrease from Q1 2011. What we’re taking away: New York is still looking much better than many other parts of the country in terms of the foreclosure morass, and the slight quarterly increases in Brooklyn do not seem alarming. The report can be seen on an interactive map here.


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