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Saturday, November 25, 2006

New York, NY - Missed Mortgage Payments Rise

New York, NY - In the third quarter of this year, the number of city residents who had missed more than three months of mortgage payments jumped by 20 percent compared with the same quarter a year ago. Still, New Yorkers often have more time to try to hold onto their homes than homeowners in the rest of the country.

Data collected by PropertyShark .com, a real estate data company based in Brooklyn, shows that 1,468 city homeowners missed mortgage payments from July to September, compared with 1,220 in the comparable period last year. That puts them in what is commonly known as preforeclosure, when banks typically warn people that they are at risk of foreclosure so the homeowner will take steps to catch up on the payments. (The city has 3,018,000 homeowners.)

The neighborhoods with the highest number of preforeclosures are in Brooklyn and Queens.

2 Comments:

  • At 9:10 PM, Blogger Shtender Bender said…

    So it's not only me. Whew!

     
  • At 9:55 PM, Anonymous Anonymous said…

    so when is the next emergency tea party ? should hashem help section 8 shouldn't stop then there will be der bashefer zol uphiten .....

     

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