New York Foreclosures Drop in February

New York ForeclosuresPropertyShark.com, the premier real estate research site, today released its monthly report covering first-time residential New York City foreclosures for February 2011.

Key Report Findings

  • New scheduled foreclosures in NYC were down 82% in February 2011 over February 2010 and were down 59% over January 2011.
  • * Compared to the February 2010 level, the number of foreclosures scheduled for the first time was down 91% in Queens and Staten Island, 69% in the Bronx, 67% in Brooklyn, and 52% in Manhattan.
  • Pre-foreclosures in NYC were down 14% compared to February 2010 and down 6% from January 2011.

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