Propertyshark has rolled out its monthly pdf foreclosure report for the month of April and it is pretty much more of the same.
Queens still reigns supreme with 58% of New York City’s foreclosures, right behind it is Brooklyn and Staten Island while Manahttan and the Bronx have been able to weather the foreclosure storm with only a combined 11% of the month of April.
As I have stated before, if you have the fortitude, the resources and a plan, you can probably find a lot of investment opportunities out there.
On the flipside, it probably sucks ass to be a seller in those neighborhoods or to be a broker.
So when will this all bottom out? Who knows. But it is till going to hurt.
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