Posts (RSS)New York Foreclosure Listings Reeling Under The Pressure Of Increasing Foreclosures In The State
New York, New York! Currently reeling under the tremendous pressure of foreclosures, the homeowners in the State are facing a grim situation. New York foreclosure listings are proof enough of the number of foreclosures filed for the Q2 of this year. For New York City homeowners, the Q2 saw 28.6% jump in foreclosures since last year. Over 6,350 homes or one house per 519 was in the process of foreclosure as against less than 5,000 homes during the same period last year. And, together there are around 3.3 million homes in the five boroughs of New York.
For Q2, the maximum number of notices of default were sent out to residents in Queens, while Brooklyn followed it closely behind. Staten Island added almost 800 foreclosures to foreclosure listings in New York, while 234 come from Manhattan.
In New York City, on the whole, almost 5,000 borrowers defaulted on their mortgage payments while almost 800 were confirmed for home auction sale, and 653 had to give up their homes in lieu of their inability to pay back the loan. A quick look at New York foreclosure listings is enough to tell us that maximum number of foreclosures came from Queens, followed by Staten Island, Brooklyn, Bronx, and Manhattan. Bank foreclosures also witnessed a steep hike. Elsewhere in the state, foreclosures have been on the rise as well.
Today, if you want to buy or invest in a NYC apartment, foreclosed homes are the best option. Available at discounted rates, you can simply look them up in the New York foreclosure listings and get in touch with an online foreclosure broker to help you seal the deal on your home.