Queens experienced the largest jump in foreclosures among the five boroughs during the second quarter, according to data released by research firm PropertyShark.com.
Queens leads city in foreclosures
“Queens foreclosures remain at worrisome levels,” said PropertyShark.com Chief Executive Ryan Slack. “Typically the second quarter foreclosure numbers are lower than the first quarter, but this year the numbers keep climbing,” he added.
This is because Queens has the most lending predators and subprime mortgage victims. But someone is doing something to curtail that:
Vans distribute advice to avoid mortgage scams