Archive by Category "Brooklyn Foreclosures"

Brooklyn Foreclosures

Articles on Brooklyn foreclosures. Read distressed properties stats, insights into the foreclosure process and interesting auctions happening in Brooklyn.

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Settling a foreclosure case in the NYC courts can take a surprisingly long time, sometimes even more than 6 years.  A PropertyShark in-house analysis …

Chart of the week: Commercial Foreclosures in NYCChart of the week: Commercial Foreclosures in NYC
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The number of commercial foreclosure auctions in NYC remains very high (116) in the second quarter of 2012, second only to Q1 2012 (117) …

Bidding War for Brooklyn’s 836 Prospect Place?Bidding War for Brooklyn’s 836 Prospect Place?
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Well, we’re just speculating, but Brownstoner reports that 836 Prospect Place was auctioned two days ago for $810,000. That’s a whole lot more than the minimum bid of $500,000 at which the auction was supposed to start.

NY State Is Selling at Auction a Landmark Brooklyn TownhouseNY State Is Selling at Auction a Landmark Brooklyn Townhouse
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New York State Office of General Services will sell at public auction 836 Prospect Place, a landmark Crown Heights single-family home.

Foreclosure Process Length Doubles in NYC; Brooklyn Sees Lowest Rate of Properties in Lis Pendens Ending Up at AuctionForeclosure Process Length Doubles in NYC; Brooklyn Sees Lowest Rate of Properties in Lis Pendens Ending Up at Auction
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The length of the foreclosure process has doubled in New York City over the past three or four years, an in-house study made by …

Number of First Time Foreclosures in Brooklyn Down from October PeakNumber of First Time Foreclosures in Brooklyn Down from October Peak
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Among the five boroughs, Brooklyn and Staten Island were the only two that registered an increase in the number of new scheduled foreclosures in …

Brooklyn foreclosures back to same level as this time last yearBrooklyn foreclosures back to same level as this time last year
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Among the five boroughs, Brooklyn registered the second highest number of new scheduled foreclosure auctions (52), comprising over 21% of foreclosures in New York …

New foreclosures down 35% in BrooklynNew foreclosures down 35% in Brooklyn
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There were 80 new scheduled foreclosure auctions in Brooklyn in the third quarter of 2010. This number is down 35% from the same quarter …

New foreclosures down 46% in BrooklynNew foreclosures down 46% in Brooklyn
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New foreclosures in Brooklyn totaled 20 in August 2010, one in every 44,036 households being scheduled for auction. The current number  is down 46%  …

Brooklyn new scheduled foreclosure auctions slightly increase in Q2 2010Brooklyn new scheduled foreclosure auctions slightly increase in Q2 2010
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Together with the Bronx, Brooklyn was one of only two boroughs in New York City that registered an increase (4%) in the number of …