Foreclosure Rate in New York.
The percentage of foreclosure notices in USA went up 21% in 2009 from 2008. But in New York State the percentage increase was less than 1%.Â New York has increased its foreclosures from 2007 by about 30%, but compared to Florida or Nevada or California which have increased over 120% we are very stable here. All the experts are talking about the so called shadow inventory which is the homes that the banks could foreclose but haven't yet. They expect a lot will be foreclosed this new year.
Dont wait if you no longer can meet your mortgage or if you are interested in purchasing a Short Sale or Foreclosed property. Contact me, Robert at 718-967-2600 x312.
I've earned my NAR designation as a SFR which is a Short Sale Foreclosure resource.