Q2 2024 Foreclosure Report: Queens & Brooklyn Claim 70% of City’s Caseload
NYC foreclosures remained flat in Q2, up just 1% Y-o-Y, with Queens accounting for 44% of all cases, while the Bronx had just 33 cases.
2024 Q1 Foreclosure Report: NYC Cases Exceed Half of Pre-Pandemic Figures, Queens & Brooklyn Supply 76% of Citywide Caseload
As foreclosure cases continued to tick up in Q1, Queens and Brooklyn supplied the bulk of the city’s caseload, while Manhattan figures started to dip.
2023 Annual Foreclosure Report: NYC Cases Nearly Double Year-Over-Year, but Still Reach Only Half of Pre-Pandemic Levels
NYC foreclosure cases nearly doubled in 2023, yet the city’s caseload remained at only half of pre-pandemic figures.
2023 Q3 Foreclosure Report: NYC Foreclosures Increase 44% Year-Over-Year, Brooklyn Cases Surge 185%Â
NYC recorded 427 foreclosure filings in the third quarter of 2023, up 18% compared to the previous quarter.
2023 Q2 Foreclosure Report: NYC Foreclosures Up 81% Year-Over-Year, But Seemingly Plateau Quarter-Over-Quarter
As Q2 comes in just 12 cases below Q1, it remains to be seen if the change is part of a wider trend of stabilization or just a seasonal glitch.
Q1 Foreclosure Report: NYC Foreclosures Reach Highest Figure in 11 Quarters But Remain Well Below Pre-Pandemic Figures
Hitting 3-year high, foreclosure activity is steadily returning to NYC but first-time cases are still half of what they were pre-Covid.
2022 Annual Foreclosure Report: Cases Barely Surpass Q1 2020 Totals
The NYC foreclosure sector had yet another atypical year in 2022, recording only 28% of 2019’s first-time filings.
Q3 Foreclosure Report: Queens Remains Center of Foreclosure Activity, Claims Half of NYC Cases
Queens remains at the center of NYC’s foreclosure activity with 150 cases of the city’s 297 total, reaching 55% of its Q3 2019 foreclosure levels.
Q2 2022 Queens Foreclosures Quadruple in Q2, the Bronx Records 0 New Cases
Queens foreclosures surge 300% in Q2 2022, fueling a NYC-level increase in foreclosure cases of 146%, also boosted by Staten Island trends.
2022 Q1 Foreclosure Report: NYC Records 87 Foreclosures Since End of Moratorium
After the expiration of the foreclosure moratorium, cases are starting to appear in NYC, with Brooklyn claiming 40% of the city’s 87 cases.
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…
Brooklyn Property Worth Nearly $3 Million Heads to Auction with $234K Lien
A 5,734-square-foot, two-family brick property located in Borough Park, Brooklyn, is scheduled for auction on December 19, 2019, with a lien of $234,061. The auction will take place at 2:30 p.m. at 360 Adams Street in Brooklyn, New York. The property at 1372 56th Street was purchased by the current owners in January 1988. In…
$1.8M Bed-Stuy Rowhouse Hits Block with $1M Lien
120-year-old Bedford-Stuyvesant rowhouse to be sold at auction on November 7, 2019 with a lien of $1 million. The auction is scheduled for 2:30 p.m. at 360 Adams Street, Brooklyn. Located it fashionable Bed-Stuy, 593 Lexington Avenue was purchased for $630,000 in 2005. Two mortgages were taken out on the day of the sale, both through…
Rare 2-Bedroom, 2-Bathroom Prospect Heights Condo Hits Auction
1,589-square-foot, four-room condo heads to auction on October 3, with a lien of $869,274. The auction is set for 2:30 p.m. at 360 Adams Street in Brooklyn, NYC. Unit B3H at 35 Underhill Avenue in Brooklyn’s Prospect Heights was purchased in 2007 with a mortgage of $540,000 and another for $231,450. Both were recorded on…
Borough Park Three-Families Building Heads to Block with $840K Lien
3,660-square-foot, three-families building goes to auction September 12, 2019 with a lien of more than $841,207. The auction is scheduled to take place at 2:30 PM at 360 Adams Street in Brooklyn. 1462 51st Street in the Borough Park neighborhood in Brooklyn was purchased in 1970 with a seller carry-back loan. After the initial loan…
Three-Family Bed-Stuy Home Valued at $1.3+ Million Hits the Block with $470K Lien
3,000-square-foot three-family building goes to auction August 8, 2019 with a lien of $466,437. The auction is scheduled to take place at 360 Adams Street, Brooklyn, New York. Located within Brooklyn’s Bedford-Stuyvesant neighborhood, 537 A Quincy Street was purchased December 20, 2004 for $476,484. On the same day, the defendant took out a mortgage from…
Borough Park Home Hits Auction Block $645K Below Market Value
1,204-square-foot Borough Park home heads for auction in Brooklyn on August 15th, 2019 with a lien of $554,292. The auction is scheduled for 2:30 PM at 360 Adams Street in Brooklyn. 1940 52nd Street was purchased by the defendant in 2006 for $775,000. They have taken out three mortgages against the property including $417,000 from…
Prospect Heights 1-Bedroom Condo Goes to Auction for Less than $500,000
A 962-square-foot one-bedroom condo in Prospect Heights goes to auction August 1, 2019 with a lien of $479,834. The auction is scheduled at 2:30 PM at 360 Adams Street, Brooklyn, New York. Unit 5K is a one-bedroom, one bath condo located in the Richard Meier on Prospect Park building at 1 Grand Army Plaza. It…
Three-Story Gowanus Property Heads to the Block with $1.8M Lien
3,600-square-foot, three-family Gowanus building goes to auction on July 25, 2019 with a lien of $1,158,750. The auction is scheduled to take place at 2:30 PM at 360 Adams Street, Room 224, Brooklyn, New York. 14 Saint Mark’s Place is a three-family that was last purchased in 2006 for $1,287,500. The buy was financed with…
Queens Condo Goes to Auction $500K Below Market Value
1,003-square-foot Rego Park condo heads to auction June 28th with a $208,644 lien. The auction will take place at the Queens County Supreme Court, 88-11 Sutphin Boulevard, Room 25 at 10 AM. 97-12 63rd Drive #2B was initially purchased for $215,000 in 2004, with a same-day mortgage of $172,000 secured through MERS. There was another…
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