PropertyShark.com News Releases

New Jersey Foreclosure Report Issued by PropertyShark.com for February 2009 There were 601 new foreclosures scheduled for auction in New Jersey in February 2009, which is down 23% from January 2009 (783) and down 24% compared to February 2008 (793).

New foreclosures in Long Island totaled 324 in February 2009, increasing 26% over January 2009 (257) and 69% over February 2008 (192) Says PropertyShark.com.

In the January 2009 Foreclosure Report by PropertyShark.com, Los Angeles foreclosures were down 49% from December 2008, Miami foreclosures increased by 58%, New York City by 64%, and new scheduled foreclosures in Seattle spiked 300%.

In the Fourth Quarter 2008 Foreclosure Report by PropertyShark.com, Los Angeles foreclosures jumped 69% over Q4 2007, Miami foreclosures increased by 18%, New York City by 25% says PropertyShark.com Report, and new scheduled foreclosures in Seattle dropped 12%.

PropertyShark.com released its monthly report covering first-time residential foreclosures in New Jersey for November 2008. New Jersey Foreclosures drop 20% in November 2008; Union, Bergen, Passaic and Monmouth counties top the list of new foreclosures. Sussex County had the highest rate of foreclosures per household.

The number of new foreclosures in Long Island is 37% higher than in November 2007, however compared to October 2008, foreclosures dropped by 37%. Suffolk County foreclosures were down 9% and Nassau County foreclosures were down a large 51%.

Los Angeles Foreclosures Up 51% Over November 2007; Miami Foreclosures Up 6%, Seattle Down 22%, and New York City Flat Compared to November 2007

The number of new foreclosures in Long Island is 41% higher than in October 2007, however compared to September 2008, foreclosures dropped by 8%. Suffolk foreclosures were up 23% compared to October 2007, while Nassau foreclosures recorded a 51% increase over the same time period.