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NYC foreclosures rise 19% year over year


By Patrick   Follow   Sun, 3 Feb 2013, 9:17am PST   409 views   3 comments
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http://www.nypost.com/p/news/business/ny_ag_gets_as_foreclosures_rise_1EXgYlEH1LDIYe6CSVMADL

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.

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Call it Crazy   Sun, 3 Feb 2013, 10:42am PST   Share   Quote   Permalink   Like   Dislike (2)     Comment 1

RECOVERY!!!! FORWARD!!!

Call it Crazy   Sun, 3 Feb 2013, 12:01pm PST   Share   Quote   Permalink   Like   Dislike (2)     Comment 2

Patrick says

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.

Wait until all the walkaways start from all the houses in Staten Island, Brooklyn and Queens that got damaged from Hurricane Sandy kick in.... It will make that 164 percent foreclosure rate look like loose change...

MMR   Sun, 3 Feb 2013, 1:13pm PST   Share   Quote   Permalink   Like   Dislike (1)     Comment 3

When LPS can settle with the State of New York for 1.9 million, given that they earned 290 million on 2.1 billion of revenue, they will continue their behavior for as long as they can possibly get away with it.

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