New York City Foreclosures Down 12% from March 2011; Brooklyn Foreclosures Decreased by 54% While Manhattan Foreclosures Increased 4%

The number of new scheduled NYC foreclosure auctions was down 65% in April 2011 compared to April 2010, and was down 12% from March 2011., the premier real estate research site, released its monthly report covering first-time residential New York City foreclosures for April 2011.

Key Report Findings

  • The number of new scheduled foreclosure auctions in NYC (93) registered a 65% decrease in April 2011 compared to April 2010 (265), and a 12% decrease compared to March 2011 (106).
  • Compared to March 2011, Brooklyn foreclosures were down 54% and the number of new Staten Island foreclosures decreased 20%. Manhattan foreclosures were up 4%, Queens saw a 3% increase (34) and the number of new scheduled foreclosures remained level in the Bronx (19).
  • The number of properties that received at least one lis pendens filing in April 2011 (981) saw a 23% decrease compared to April 2010 (1,271) and a slight decrease of 1% compared to March 2011 (988).

Browse current foreclosure listings in New York City. aggregates real estate data from hundreds of public and proprietary sources into an easy-to-use yet comprehensive property research website covering two dozen major markets. Site visitors can view detailed property reports for almost every residential or commercial property, scan recent sales comparables of similar properties to determine market values, browse foreclosure listings, and much more.

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