New York City foreclosures are back to financial crisis levels

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• Foreclosure rates in New York City are climbing to heights not seen since the recession.
• There were 920 NYC foreclosures in the first quarter, up a 31% year-over-year.

The number of foreclosures in the city continued to climb this year, with Staten Island and Brooklyn seeing the largest upticks in scheduled auctions.

In the first quarter of 2018, 920 homes were slated for foreclosure for the first time — a 31 percent year-over-year increase, according to a new report by PropertyShark. This represents the largest number of foreclosures seen in any quarter since 2009.See the rest of the story at Business Insider

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