NY Post:

“While foreclosures nationally fell 3 percent last year, New York City filings climbed 19 percent, or 13,116 properties, according to a new report.

The outer boroughs were the hardest hit, with Queens seeing a 164 percent rise year-over-year and Staten Island rising 19 percent over the same time frame, according to RealtyTrac, which expects another spike this year.

As the new numbers were released, New York Attorney General Eric Schneiderman announced a paltry $1.9 million settlement deal with robosigning giant Lender Processing Services.”

 

 

Source: NYPost

Category: Foreclosures, Real Estate

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “NYC Foreclosures Up 19%”

  1. ricecake says:

    Speed up the process please. Many people can afford to buy can’t buy while those can’t afford the house are still occupying those house. . So unfair.

  2. GeorgeBurnsWasRight says:

    ricecake-

    I would be afraid to buy a repossessed house. How can anyone be sure of getting a clear title to it?

  3. Roanman says:

    Read your title commitment, order/read copies of the referenced documents, secure a policy of title insurance.