Foreclosure auction in brooklyn ny zip code,foreclosures in belleville nj 07109,bank owned homes in macon ga zebulon,houses for rent in kent island maryland - PDF 2016

09.08.2015
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The length of the foreclosure process has doubled in New York City over the past three or four years, an in-house study made by our data analysts showed.


The value  ranged between 20 months in Manhattan and 22 in Queens and Staten Island to 27 in the Bronx and 29 in Brooklyn. The same study showed that the percentage of properties with a delinquent mortgage that reached the final stage of the foreclosure process seems to have decreased in the past couple of years. 20% of all properties that were hit in 2006 with a lis pendens were later scheduled for auction. A break down by borough for the metric presented above shows that in Brooklyn a mere 3% of the properties hit with a lis pendens in 2008 have been scheduled for auction. The average number of months it took for a delinquent mortgage to reach the final stage of the foreclosure process, that is to be scheduled for auction, was 24 in 2011.


Only 27% of those not scheduled for auction have been sold so far; the remaining of 73% have not changed their ownership. Anything else may be confiscated in the event of an arrest and may be difficult to get back from the NYPD is a timely manner.



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