Foreclosures up in NYC.The number of new foreclosure foreclosure Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. auctions in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. during the second quarter experienced a 16.6% jump on the first quarter figures, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. latest reports from real estate data site, PropertyShark.com. There were 643 new residential foreclosures in the five boroughs, and 19.52% increase from the second quarter of last year. 73% of New York City foreclosures were Queens and Brooklyn properties. Queens led the city with 324 foreclosures, a whopping 102% hike on last year's numbers, while the Bronx saw a 77% increase and Staten Island Staten Island (1990 pop. 378,977), 59 sq mi (160 sq km), SE N.Y., in New York Bay, SW of Manhattan, forming Richmond co. of New York state and the borough of Staten Island of New York City. a 58.82% jump since last quarter. "New York City, Miami, and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. foreclosures are at all time highs since PropertyShark.com began tracking foreclosures" said Ryan Slack 1. (operating system) slack - Internal fragmentation. Space allocated to a disk file but not actually used to store useful information. 2. (jargon) slack , chief executive officer, PropertyShark.com. "Typically, the second quarter foreclosure numbers are lower than the first quarter due to the 'holiday effect,' but this year the numbers keep climbing." PropertyShark.com recorded 3,793 first-time trustee sales in Los Angeles, 643 foreclosure auctions in New York City and 1,282 in Miami-Dade County for April-June 2007. When ranked among foreclosures per household, Miami had 136% more properties scheduled for foreclosure per household than Los Angeles, and a 775% higher rate per household than New York City. In Seattle's King County, there were 334 new trustee sales in the first quarter of 2007, a 13.02% decrease from the first quarter of 2007. |
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