First-Time Foreclosures In Bronx Down 24% YOY In Q2 2019

Posted on July 08, 2019, 2:55 pm
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PropertyShark has just released its NYC Residential Foreclosure Report for Q2 2019.

Here are some of the Bronx-specific takeaways:

  • Bronx saw a 24% drop year-over-year (YOY), as only 96 residential properties headed to the auction block.
  • The 10469 zip code had the highest number of foreclosures in the borough: 21 unique cases.
  • Lis pendens cases increased 14% year-over-year and a staggering 41% quarter-over-quarter.

Some other highlights:

  • First-time foreclosures in NYC are still on a downward path in Q2, with 4% less cases filed YOY.
  • Brooklyn and Staten Island foreclosures were up 7% and 9%, respectively.
  • In Queens, foreclosures were down 9%
  • Up 13% YOY, 3,070 lis pendens cases were filed against NYC homeowners in Q2, the highest number registered in the last few years for this time of the year.

The full report could be read here.

Jonas Bronck is the pseudonym of the publisher, managing the content and operations of The Bronx Times.™ / Bronx.com - the largest daily news publication in the borough of "The" Bronx with over 1.5 million annual readers. Publishing under the alias Jonas Bronck is our humble way of paying tribute to the person, whose name lives on in the name of our beloved borough.