In its U.S. Foreclosures Market Report for May 2015, which reports default notices, scheduled auctions and bank repossessions, RealtyTrac reported that New York State had 5,510 total foreclosures, a 2.46-percent decrease from April but a 16.22-percent increase from May 2014.
New York State ranks 23 out of all 50 states in monthly total foreclosure filings. One in every 1,472 housing units in New York State received a foreclosure filing in May.
Foreclosure filings were reported nationally on 126,868 U.S. properties in May. This is 0.79 percent above April’s total and 15.52 percent above the same time last year. Nationally, one in every 1,041 housing units received a foreclosure filing.
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