From The Real Deal:
From working-class enclaves in the outer boroughs to glistening new condo towers in Manhattan, the legions of New Yorkers at risk of losing their homes has been growing.
While the number of foreclosure filings in the state dropped during the first three quarters of last year compared to the same time in 2008, the filings jumped 14 percent in New York City, according to RealtyTrac. And no borough -- including Manhattan -- was spared.
This month, The Real Deal examined foreclosure data provided by PropertyShark, RealtyTrac and NYU's Furman Center and found that across the board -- from houses on cul-de-sac streets in Staten Island to tony co-op apartments on the Upper West Side -- foreclosures in the five boroughs have quietly started creeping into more well-to-do neighborhoods.
While the level of distress in many of these higher-end neighborhoods still pales in comparison to foreclosure epicenters like East New York, Jamaica and Ozone Park, it is clearly on the rise.