2019 Annual Foreclosure Report: NYC Foreclosures Dip 6% Y-o-Y, Manhattan Cases Surge 39%
Key Takeaways: Foreclosure activity increased in just one borough, with Manhattan surging 39%. Y-o-Y NYC foreclosures dipped 6%, while pre-foreclosures slid 7%. Bronx undergoes steepest drop in first-time foreclosures – down 21% Y-o-Y. Queens logs most foreclosures with 1,164 unique cases. Staten Island foreclosures remain relatively flat, yet still 313% above 2014 levels. Brooklyn’s 11236…
Number of Brooklyn Properties bought at auction hit 3-year lows
According to PropertyShark.com records, only 55 properties were bought at auction in 2009 by investors or independent buyers in Brooklyn. That is 16.8% of the 326 properties successfully auctioned properties* at the Brooklyn courthouse. By comparison in 2008, 96 properties (19.7% of total) were bought by independent buyers, while in 2007 independent buyers bought 114…
Brooklyn foreclosures increased 27% from June 2009 but down 25% from July 2008
In the July Foreclosure Report, scheduled Brooklyn foreclosure listings increased 27% from June 2009 but were down 25% from July 2008. The only Brooklyn zip code in the top 15 for foreclosures in New York City was 11233 (Ocean Hill, Brownsville). See below for an interactive map of July Brooklyn foreclosure listings.
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