Saturday, March 14, 2009

Whole lotta foreclosing going on


The number of foreclosure proceedings shot up 44 percent in New York City last month, nearly double the statewide average, according to a study released yesterday.

Foreclosure filings against Manhattan property skyrocketed 549 percent last month, a figure that was distorted because of actions taken against one 230-unit Midtown condo complex, according to RealtyTrac. Building officials said the complaint involved a payment dispute with a contractor, not the mortgage.

The Manhattan increase was the largest of any county in the state.

Staten Island has the second-worst foreclosure rate in the state, with one out of every 1,023 homes affected.

Foreclosures jumped 33 percent in The Bronx and 26 percent in Brooklyn. The Queens rate was down 11 percent.

The study mirrors another report released week that showed the number of New York State homeowners more than 90 days late in paying their mortgage surged 35 percent in the fourth quarter last year - the biggest jump in delinquencies in the country.


-Joe said...

North Shore Wall street thieves are getting hit hard.
All the Tiffany Jewelry purses, furniture, sport cars, Boats are showing up Craigslist in drones.
I check Craigslist every Morning for buys

Obama is dead WRONG with his speech. Its gonna get Worse

Caigslist for sale Manhasset Link:

Wade Nichols said...

Whole lotta foreclosing going on

Isn't that a Led Zeppelin song?

Or maybe it was AC/DC?

Obama is dead WRONG with his speech. Its gonna get Worse

The best currency to keep is a box of bullets and canned foods.

Anonymous said...

Pull up your big boy pants. My parents survived the Depression, the Blitz in London and World War II rationing and shortages in America.

Now is the time to uproot the rottenness in the system and build a better future.