Looming wave of new foreclosures threatens rebound of Staten Island’s real estate market

Any hope for a rebound in the Staten Island real estate market this year is being strangled by a looming wave of foreclosures that will add homes to an already flooded market.

Foreclosure filings on Staten Island last year dropped by nearly one-half from 2010, but lawyers say those figures are misleading.

 

Full story is available on slive.com

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