NYC Foreclosure Rate Double 2014
The Foreclosure rate of New York City is more than double what it was in 2014. NYC boasts some of the most expensive real estate in the world, ranked seventh of the top ten real estate markets, beating out London, Beijing and Paris according to Statista. But New York City also has a foreclosure rate that doubled in the last five years. That rate was worse in 2017 at 3,300 foreclosure filings, down to 3,000 foreclosure filings in 2019. It would be nice to believe that the slight reduction in 2019 foreclosures means there will continue to be a decrease in foreclosure filings, but recent lockdowns and quarantines brought the economy to a halt, and it is likely that NYC foreclosures will resume their climb.
If you lost income and are threatened by foreclosure, or will soon be facing mortgage loan default, visit MortgageAssistNow.com to connect to a skilled New York Attorney with years of experience with clients in financial distress or foreclosure action. You will be able to talk to your attorney by phone or teleconference at no obligation, so you can make informed decisions. You have a short window of time to get the foreclosure representation you need. Be ready when banks resume their normal collection activities. Be ready with a lawyer who will fight to protect your interests. Find out more at MortgageAssistNow.com or call (888) 800-6030.