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Manhattan Foreclosure Auctions Drop Compared to Last Year

The real quarterly report bonanza comes tomorrow, when all the major brokerages release their market reports at the stroke of midnight. As a little teaser?a slightly grim one, at that?PropertyShark has released its second quarter report on NYC foreclosures. The highlights: the number of new foreclosure auctions scheduled hit 251, a 22 percent increase from the first quarter. There were lis pendens?the first step on the road to foreclosure?filed for 2,042 properties. But Manhattan saw only 38 new foreclosure auctions scheduled, a 49 percent drop from this time last year. All of the new auctions are mapped above.

· PropertyShark [propertyshark.com]
· Foreclosure coverage [Curbed]