August Foreclosure Report: Queens Still Hurting, BK Better
Property Shark released its August Foreclosure report this morning, and the news is that while four boroughs have seen a decrease in foreclosures, they’re still rising in Queens. “The current number (254) is up 113% from August 2007, and up 43% from July 2008, setting a two-year high for Queens,” they report. Brooklyn’s doing better,…
Property Shark released its August Foreclosure report this morning, and the news is that while four boroughs have seen a decrease in foreclosures, they’re still rising in Queens. “The current number (254) is up 113% from August 2007, and up 43% from July 2008, setting a two-year high for Queens,” they report. Brooklyn’s doing better, though — foreclosures sunk 29% compared to July. Most foreclosures occur in single- and two-family houses; only nine condos foreclosed.
August Foreclosure Report [Property Shark]
Last time I checked they were even in the same city.Perhaps the Queens number would have skyrocketed even more, if it were not for the legislation.
If the effects are part of the moratorium, it would apply to Queens as well. Last time I checked, Queens and Brooklyn are part of the same state.
DOWhat: Why don’t you check out the obits to try to find cheap real estate?
LOL – I like your handle. It made me LOL.
Wasn’t there a foreclosure moratorium, or hold period? Or a planned one? What is the situation with that?
Is this a sign of the market starting to come around or a result of the moratorium on foreclosures after the NY State Assembly’s recent foreclosure legislation?
Rumor has it that there might be a foreclosure on St. James (168 if I recall correctly). Substantiated?