July, 25, 2008

The number of foreclosures in the five boroughs jumped 28.6 percent in the second quarter compared to the same time last year, according to report from RealtyTrac. There were 6,380 households that received foreclosure-related notices last quarter, while 4,963 received notices in the second quarter of 2007. Queens residents had the highest share in the second quarter of 2008, with 2,692 foreclosures, followed by 1,981 in Brooklyn. A quarterly report from PropertyShark.com previously reported a steeper jump in foreclosures in the second quarter.

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