New Foreclosures Drop in Brooklyn
Foreclosure results for the five boroughs were mixed in August, according to numbers just released by Property Shark. Staten Island and Queens saw increases in both year-over-year and month-over-month numbers, while the Bronx, Manhattan and Brooklyn saw declines in both numbers. In Brooklyn, the number of new foreclosures dropped from 31 in August 2009 and…
Foreclosure results for the five boroughs were mixed in August, according to numbers just released by Property Shark. Staten Island and Queens saw increases in both year-over-year and month-over-month numbers, while the Bronx, Manhattan and Brooklyn saw declines in both numbers. In Brooklyn, the number of new foreclosures dropped from 31 in August 2009 and 37 in July 2010 to just 20 last month. (Click through to the jump for a map of the Brooklyn properties in question.) The big question is whether the trend is your friend or this is just the calm before the pent-up storm.
“and yet there have been no hearings/trials/investigations that found anything deregulated.”
Plenty of hearings right here.
http://www.pewfr.org/reform_resources_articles?type=Congressional%20Hearings
ead the CRA and regulations promulgated pursuant thereto, and cite the one that compelled the banks to make bad loans.
I have read them, and they say what I have said. They also leave huge latitude for morons like Barney Frank and Charles Rangel to tie up banking transactions with cries of RACISM!!!!!!
Again, where are the supposed regulations that are missing, and why hasn’t this most pristine and Democrat-ic of Congresses enacted them?
slopefarm – that couch is scotchguarded and impervious to facts.
Gee I quit my 3-pack a day habit two years ago so my lung cancer wasn’t caused by cigarettes. Yes, the credit crisis was only caused by things that happened since August 2006, as only mortgages issued since 2006 went bad.
I don’t know what it is, but BC brings out a real urge for sarcasm from me. You’re a lawyer, BC, get off the couch, read the CRA and regulations promulgated pursuant thereto, and cite the one that compelled the banks to make bad loans.
“The Dems did NOTHING because they know they are at fault!”
Um, the dems enacted regulatory reform of banks and wall street this year.
“It was deregulation then (sanctioned mortgage fraud/Ponzi valuations) and deregulation now (congress hijacking FASB so that banks can hide losses from the general public).”
There’s one very simple, elegant way to prove that you are full of it with this “theory”: there’s been no deregulation in the past four years; and yet there have been no hearings/trials/investigations that found anything deregulated.
Do you really think that if deregulation was even plausibly the cause, the Dems wouldn’t have acted?
The Dems did NOTHING because they know they are at fault!
How is your hypothesis that most lis pendens are foreclosure actions and that they result in foreclosures “A damned good one so far.” You’ve got no data, just the idiots at Property Shark. I will tell you that I once filed a LP seeking specific performance of a contract to sell property. Ok, a data set of one, but that’s one more than you got.
bike lanes are Democrat right?
No, ‘Couch. It was deregulation then (sanctioned mortgage fraud/Ponzi valuations) and deregulation now (congress hijacking FASB so that banks can hide losses from the general public). Every Friday banks are shut down by the FDIC. In the overwhelming majority of cases, their assests are listed as greater than their liabilities due to the FASB hijack but behind the scenes there’s negative cash-flow.
***Bid half off peak comps***
If you vote Democrat, you deserve the economy you now have, and will have in the future (infinitely worse).
If you vote Democrat, France, socialism, and poverty, here we come!