New York City Foreclosure Listings in February 2011 Down 82% from February 2010 Levels

The number of new scheduled NYC foreclosure auctions was down 82% in February 2011 compared to February 2010, and was down 59% from January 2011.

New York, NY, March 21, 2011 —, the premier real estate research site, today released its monthly report covering first-time residential New York City foreclosures for February 2011.

Key Report Findings

  • New scheduled foreclosures in NYC were down a significant 82% in February 2011 over February 2010 and were down 59% over January 2011.
  • Compared to the February 2010 level, the number of foreclosures scheduled for the first time was down 91% in Queens and Staten Island, 69% in the Bronx, 67% in Brooklyn, and 52% in Manhattan.
  • Pre-foreclosures in NYC were down 14% compared to February 2010 and down 6% from January 2011

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