According to a new report released by PropertyShark, the NYC foreclosure market was its most active in 11 quarters, with Queens remaining the most active area for foreclosures in the city.
According to the report, Queens had 171 foreclosure cases filed in Q1 alone, more than double the amount of cases in Brooklyn. Jamaica claimed the highest concentration of first-time foreclosures in one neighborhood with 20 cases, according to PropertyShark.
Since before the pandemic, Queens recorded the highest increase in pre-foreclosures, surging 143% over Q1 2020.
In its report, PropertyShark mentioned that was the foreclosure moratorium was lifted in Q1 2022, foreclosures and pre-foreclosure activity in the city has risen at a steady pace. However, NYC lis pendens decreased quarter-over-quarter, with four of the five boroughs trending down and Queens trending up.
“While Queens lis pendens were up 13% quarter-over-quarter, citywide cases were down 8%,” the report stated. “The slowdown was most evident in Manhattan, where pre-foreclosure filings dropped 37% quarter-over-quarter.”
20 comments:
Trump's fault !
NYC Faces MASS EXODUS As Democrat Policies Continue To DESTROY Cities !
https://www.youtube.com/watch?v=ubRP00pTuBg&ab_channel=TimcastIRL
Ain't capitalism wonderful.
Only corporations, foreign investors and trust fund Mericans can buy houses now. Welcome to the "Free Market" economy.
Here in the "Great Swamp" of Florida, nobody can foreclose on your trailer. Especially if you can hitch it up to your rusty Ram 3500 and haul it to the next swamp a few miles yonder.
This would never happen in the Great State of Florida.
Good people of NY ... make a plan and get the hell out of there! There are other places to live.
I cannot express how much pleasure this news gives me.
One year ago, I move my family from the Long Island City area to Boise, Idaho. BEST thing I’ve ever done. No homeless people. No woke politics. Everyone is kind. Lots of families and things for kids to to. No trash. No gangs. No graffiti.
@“ Good people of NY ... make a plan and get the hell out of there! There are other places to live.”
But then we’d end up being a pathetic loser like you, living in some red state swamp with nothing better to do than read and whine about the place you left behind.
Get a life swamp rat!
@“ Good people of NY ... make a plan and get the hell out of there! There are other places to live.”
But then we’d end up being a pathetic loser like you, living in some red state swamp with nothing better to do than read and whine about the place you left behind.
Get a life swamp rat!
Signet bank is all about Alponce Dumotto and John Gatsomatis shilling for Trump! If they lent to Ana Sorokin, how many more Putin agents from their soviet church? All the post moratorium multifamily foreclosures are bringing down the cowmoonity banks. In addition to rent moratoria, they should have had property tax foreclosures. Florida is the worst.
https://therealdeal.com/national/2023/03/25/nine-days-in-hell-inside-the-lending-crisis-that-rocked-multifamily/
@"NYC Faces MASS EXODUS As Democrat Policies Continue To DESTROY Cities !
I agree.
Slow day at the office in Queens? ....
This administration only cares about Ukraine, illegal immigrants, trans and preventing law enforcement from doing their jobs.. The hell with the health and welfare of honest hardworking citizens.
"Get a life swamp rat!" The Myth of the ‘So-Called Tolerant Left’ , LOL...
Those on the right need to get it out of their heads that their Marxist left-wing opposition is tolerant. They hate you they hate freedom !
@"One year ago, I move my family from the Long Island City area to Boise, Idaho."
That's strange. Last week you said you were in Florida, or was it Pennsylvania, or was it South Carolina?
Anyway, enjoy picking those potatoes.
@"The Myth of the ‘So-Called Tolerant Left’ , LOL..."
Tolerant Left? You've been stuck in a Florida swamp so long that you can't tell left from right?
@“ This administration only cares about Ukraine, illegal immigrants, trans and …”
Stop spreading your hate, you hateful person…
The Myth of the So-Called Tolerant Left just proven again. LOL...
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