NYC Foreclosures Up 19%

February 3, 2013 5:00pm by Barry Ritholtz

NY Post:

“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.

As the new numbers were released, New York Attorney General Eric Schneiderman announced a paltry $1.9 million settlement deal with robosigning giant Lender Processing Services.”

Source: NYPost

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