Manhattan an Island… In Foreclosure Mess

A new report shows that the grand total of home foreclosures in Manhattan was 12 in November, up from 10 in October. Foreclosures citywide rose 17 percent month to month, according to the report from PropertyShark (which we first saw via Brownstoner). Staten Island fared the worst among the boroughs, and Brooklyn came out of November relatively OK.

Meanwhile, the rest of the nation melts. From the Wall Street Journal this morning:

The number of mortgage loans at least 30 days past due reached its highest point since 1986 during the third quarter as foreclosure starts increased across all loan types, according to a Mortgage Bankers Association survey released Thursday.