New York State is in the Mid-Atlantic region of northeastern USA. It borders Canada. New York City is distinct from the city – the latter being the largest in the country. It is the gateway to immigrants seeking happy hunting grounds in a new world.

Unfortunately today Bank foreclosures in New York are sending out the wrong signals. New York is the financial, cultural, industrial and transportation hub of the nation. It was named after the English Duke of York. Nearly one third of the Revolutionary War was fought out in New York. Today battles are being fought with Bank foreclosures in New York. New York hosts the headquarters of the United Nations. Despite the glory and the fame Bank foreclosures in New York are casting a cloud over the name of the city. The city landmarks are world famous – Statue of Liberty, Wall Street, Lower Manhattan, New York Stock Exchange, Broadway and some of the tallest buildings in the world including the Empire State Building. It is a cultural cocktail with 170 languages being spoken in the city. New York has been nicknamed as The City that Never Sleeps.

Bank foreclosures in New York are not evenly spread out in its five boroughs – Bronx, Brooklyn, Manhattan, Queens and Staten Island. Bank foreclosures in New York vary from one pocket to another. New York is the most densely populated city in America. Although Bank foreclosures in New York are steep but nevertheless it has not reached the heights of Los Angeles. During the first quarter of 2008 there were quite a new number of Bank foreclosures in New York but much less than many of the other cities. The number of Bank foreclosures in New York (in all five boroughs) spiked by 51.4% during the first three months of the current year from the number of Bank foreclosures in New York of the last quarter of 2007. PropertyShark has released the figures of Bank foreclosures in New York. Bank foreclosures in New York jumped by 65.7% from Bank foreclosures in New York of the first quarter of 2007. New foreclosures counted to 918 with it being most concentrated in Queens (508) and Staten Island (174). Manhattan had only 23 foreclosures. Most of the units being foreclosed upon were single and two family houses. The tendency of bank foreclosures in New York is to rise each quarter since 2006. There was only a modest fall during the last quarter of 2007.

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