We just released our monthly report that covers newly scheduled foreclosures for October 2011 in New York City. Here are the key takeaways:
- The number of new foreclosure auctions was 6% lower in October 2011 compared to September 2011. If we compare October 2011 with the same month last year, the number is significantly lower, representing a 76% drop.
- In the Bronx, the number of first-time foreclosures was 46% lower than in September 2011. In Brooklyn, the decrease was 27% and in Queens it was 11%. However, the number of first-time foreclosures in Manhattan increased by 22%.
- The bulk of first-time foreclosures in New York City was represented by co-op foreclosures, which were 48% of the total number. However, they declined 43% compared to October 2010.
Browse current New York City foreclosures or foreclosure listings in New York State.