PropShark: Brooklyn Forcs Up 20% Last Month
More bad news on the foreclosure front, this time from Property Shark’s February foreclosure report. The report, which tracks properties scheduled for foreclosure for the first time, found that NYC foreclosures increased 13 percent from January and were up 113 percent from February ’07. Any good news? Brooklyn’s not hurting as much as Queens, where…
More bad news on the foreclosure front, this time from Property Shark’s February foreclosure report. The report, which tracks properties scheduled for foreclosure for the first time, found that NYC foreclosures increased 13 percent from January and were up 113 percent from February ’07. Any good news? Brooklyn’s not hurting as much as Queens, where the number of foreclosures more than doubled compared to February ’07. Nevertheless, Property Shark found a 20 percent increase in Brooklyn foreclosures last month over January (there were 53), and East New York and environs had the seventh-highest number of foreclosures in the city by neighborhood. The numbers we’re looking at here don’t exactly signal an epidemic—Property Shark records 582 foreclosures in Brooklyn from Feb. ’07 through last month—but they sure don’t seem insignificant, either.
Property Shark
Report: Subprime Foreclosures Rampant in Brooklyn [Brownstoner]
Bill Would Temporarily Halt Foreclosures [Brownstoner]
i am nervous – the dollar is crashing against every other currency in the world – 8 years into bush’s presidency America has been devalued beyond his wildest dreams. the financial world are reaping the benefits of their access now. most of the investment banks are now technically insolvent. how some of you think that real estate can still go up is beyond common sense. a whole prop of the excess has been kicked out from underneath it with the demise of the undocumented mortgage market. think what you like about how people can afford these prices – you are all used to the lax lending practices of the last 5 years. times change. get ready for a chill wind. your potential buyer has just caught a cold.
The tWhat is a renter.
He could have bought in Clinton Hill – where he currently resides – when he had the chance and was, supposedly, making money as a real estate agent in the hood. Unfortunately, his communication skills – which are legendary here – kept him from making many sales. So, he rents from his grandmother and rues the day he dropped out of high school.
“I am in for $10K – are you?”
Holla at your boy!!!!!
The What
Someday this war is gonna end…
BTW When I win I want my fucking money!!
I am in for $10K – are you?
“Hey The What, I am willing to bet you money any amount of your choice that there will be people who make millions in real estate over the next two years.
You willing to put your money where your mouth is?”
Oh I’m sorry, I was making money. Now Assfuck, How much you have to lose??!! Let me know how much you want to put up. All cash money.
The What
Someday this war is gonna end..
crickets not a peep
The What will not put his money where his mouth is.
Loser.
I mean directly through buying and selling property. Property values increasing from purchase to sale
No fair, 3:27. That’s a winning bet. Bankruptcy, RE and corporate attorneys will be PAID from all the mortgage fraud, SEC violation and foreclosure cases, etc., to come. Not millions, billions.
Hey The What, I am willing to bet you money any amount of your choice that there will be people who make millions in real estate over the next two years.
You willing to put your money where your mouth is?