New York city has five boroughs and Brooklyn is one of them. It is named after the Dutch town of Breukelen. It is on Long Island and was an independent city until 1898. It is the most populous borough and today it has the distinction of having the most number of foreclosures. Foreclosures in Brooklyn are causing all round concern.

Brooklyn, although part of New York, has its own distinct culture, art and architectural history. There are special ethnic localities. This has led many to analyze that foreclosures in Brooklyn is so intense here because of the colour factor. These folks have been made targets for predatory lending leading to innumerable foreclosures in Brooklyn.

Negatively speaking foreclosures in Brooklyn are not quite so bad as the numbers in Miami and Los Angeles. Los Angeles had 8,877 foreclosures while Miami had 2,231. New York recorded 918 foreclosures. During the first three months there were 140 foreclosures in Brooklyn. In the previous quarter – the last one of 2007, there were 103 foreclosures in Brooklyn. The first quarter of 2007 saw 129 foreclosures in Brooklyn. Thus year-to-year there has not been any huge leap in foreclosures in Brooklyn. Foreclosures in Brooklyn were concentrated the highest Bed-Stuy and its adjacent areas. East New York locality also topped the list of foreclosures in Brooklyn. Thus the zip codes of 11233 and 12207 topped the list of foreclosures in Brooklyn. In New York City as a whole there was an increase of 66% in foreclosures as compared to last year during the same period. The highest number has been in Queens with 508.

The rising number of foreclosures in Brooklyn prompted judges to invite religious as well as community heads to a breakfast meeting to discuss foreclosures in Brooklyn. Together with the members of the Interfaith Center of New York, community activists, priests and rabbis and pastors convened on the top floor of Brooklyn Supreme Court early on Thursday morning. Also present were administrative judges. It was explained when one reaches a dead end and is on the point of total frustration people turn to religious leaders for succour. The basic purpose of the meeting was to explain to the people the legality of the foreclosure process so that people know where they stand. They should stand up to illegal practices and come to the court for redress. But those in trouble have to come forward themselves and seek help.

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