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NY Comptroller Says High Home Foreclosure Level Persists

BasicGov, flickr

New York's comptroller says the foreclosure crisis persists in the state, even worsening in some upstate areas.

The report Monday notes filings against homeowners unable to make mortgage payments spiked after the housing bubble burst in the 2008-2009 recession, with new cases nearly doubling from 27,706 statewide in 2006 to 47,664 three years later.

The comptroller's office reports that new filings in New York declined for two years under revised court rules that require lenders to affirm claims to property and not simply produce rote documents.

However, after dropping to 16,655 in 2011, new filings climbed to 46,696 in 2013.

Comptroller Thomas DiNapoli says there are still too many New Yorkers losing their homes.

The report says foreclosure filings statewide were 43,868 last year.

(c) 2015 AP

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.
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