The number of first-time foreclosures in Queens increased over 42 percent from July to August, according to a new report. The borough accounted for over two-thirds of New York City’s 383 first-time residential foreclosures in August.
The report (PDF), from research site PropertyShark, defines a foreclosure as a residential property scheduled to have a foreclosure auction take place for the first time during a particular month.
Queens’ unhappy leader position stretches back months. In August 2007, the borough accounted for 48 percent of the city’s first-time foreclosure auctions that month.
This August, of the 15 city zip codes with the most foreclosures, Queens claims 14, touching neighborhoods like Jamaica, Hollis, Howard Beach and Ozone Park. (Staten Island claims the 15th.)