Westchester Foreclosure Filings Surge in 2013

January 7, 2014

2013 Sees 48% Increase Over 2012 Filings as Stricter Financing Rules Go Into Place

WHITE PLAINS, NY: “While foreclosure filings are dropping nationally, the foreclosure actions filed in Westchester County this year represent a forty eight percent increase over last year,” reported Westchester County Clerk Timothy C. Idoni who serves as Clerk of the Westchester County Supreme Court where foreclosure actions are heard. The Office of the Westchester County Clerk reported two thousand six hundred and ninety four (2,694) foreclosure actions started between January 1^st and December 31^st of this year, as compared with one thousand eight hundred and thirteen (1,813) last year. Three hundred and sixty nine (369) foreclosure judgments have been entered in 2013, in comparison to two hundred and eight (208) entered during 2012. A month-by-month breakdown of foreclosure filings follows:

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2006	100	119	159	120	140	128	112	136	117	162	130	123	1,546
2007	146	132	252	181	145	156	176	226	179	201	181	191	2,166
2008	243	231	285	224	202	225	238	242	73	96	71	76	2,206
2009	124	154	210	266	240	266	280	319	332	320	249	363	3,123
2010	260	181	222	210	208	262	219	247	216	209	110	141	2,485
2011	133	145	144	150	157	156	155	153	106	113	143	100	1,655
2012	105	131	143	148	150	147	192	162	159	184	142	150	1,813
2013	207	200	275	269	265	210	252	228	138	227	195	228	2,694

“Later this month, stricter mortgage financing rules go into effect which will no doubt curb foreclosures down the road,” shared Idoni. “But it is hard to predict the immediate impact these rules will have on the Westchester housing market and the current foreclosure burden”. Westchester Residential Opportunities (WRO), a non-profit housing agency with offices in White Plains and Mount Vernon, conducts Mortgage Default Orientation sessions most Wednesdays in their White Plains Office. Trained counselors are available to help at (914) 428-4507 or by visiting www.wroinc.org.

For more information on the Office of the Westchester County Clerk, please visit www.WestchesterClerk.com or call (914)995-3080.

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