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Manhattan foreclosures soar 118%, driven by mortgage defaults

Residential foreclosures in Manhattan and Staten Island are skyrocketing — but the other boroughs are having better luck. Foreclosures in Manhattan and Staten Island saw 118 percent and 183 percent year-over-year increases, respectively, during the third quarter, according to a new report from PropertyShark. Even though the increase by percentage in Manhattan was very sharp, the increase by raw numbers was more modest. The borough saw 48 property foreclosures during 2019’s third quarter, up from

The Real Deal New York

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