Queens, Staten Island Led in 4Q First-Time Foreclosures

PropertyShark's out with its latest quarterly New York City foreclosure report, and it shows the continuation of an unsurprising trend: Queens led the city in the last three months of 2008 in the number of first-time foreclosure auctions scheduled.

Queens led 492 of the city's 764, followed by Staten Island with 133.

Single- and two-family houses were the most commonly foreclosed properties in the city in the fourth quarter, comprising 627 of the 764. Condos accounted for 31 and co-ops for 12.

Manhattan had 22 first-time foreclosure auctions scheduled in the fourth quarter.

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