650 Bronx properties entered first time foreclosure in 2017 representing a 44% increase over the previous year.
The majority of foreclosures were located in the East Bronx with the 10469 zip code, covering neighborhoods like Williamsbridge, Allerton, Baychester, and Pelham Gardens, leading with 84 foreclosures.
According to PropertyShark who put the report together and has the most comprehensive database of foreclosures for New York City, there was a 58% increase in such first time foreclosures across New York City with Staten Island leading the pack with a 134% increase over 2016.
This report comes just weeks after Senator Klein issued a sobering report indicating that foreclosed properties were costing homeowners $10 million in property value losses.
Read the full report via PropertyShark: NYC Foreclosures up 58% Y-o-Y in 2017, Reach Highest Level in 8 Years
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