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A report released by a research company revealed a 32 percent decline in the number of New York foreclosure auctions from 2009. Bargain hunters are scrambling to find distressed home foreclosures after hearing such news.

The U.S. government tax credit provided some market stability during the 2010 first half when home buying escalated as buyers take advantage of the offer. In New York, a new rule is expected to temporarily lower foreclosure numbers.

In comparison with the other states New York did not affected hugely by the foreclosure situation that was experienced by some states such as California and Nevada

People involved in foreclosure investing are taking note of increased attention given by authorities to housing codes in New York City. An initiative designed to identify violators has been launched.

REO properties and foreclosures remain a problem in New York and labor unions have weighed in on the issue. They reportedly made an offer to JPMorgan Chase.

Foreclosure property at auctions is still a major concern in New York and housing advocates are calling for more help. They are campaigning for state funds.

Buffalo has record number of homeowners seeking help to prevent their homes from being lost to Suntrust bank owned foreclosures and tax foreclosures.

A list of foreclosures by state might not show New York cities in the top ten, but some local areas made it to the list of cities with the highest vacancy rates. Buffalo was ranked seventh nationwide.

Foreclosures for flipping homes might be higher in several areas of New York than initially believed. The number of default filings has reportedly risen.

Foreclosed residential properties in New York remained low last month compared with most U.S. states. The region was ranked 43rd in terms of foreclosure rate.

Filings for foreclosure home listings declined in 2010 in Staten Island compared with 2009. But the drop does not mean that the housing crisis is over.

Distressed REO and foreclosure numbers are expected to rise in New York in the coming months. Housing advocates are lobbying for more state government support.

Freddie Mac homes and foreclosure numbers may rise in New York City in the coming years. Some analysts stated that the crisis hit the city later than others.

Sheriff sale houses and properties up for foreclosure auction declined in the whole New York City last month. Year-over-year decline was pegged at almost 60%.

HGTV FrontDoor.com's Annalisa Burgos takes you inside a foreclosure real estate auction of homes in the New York/tri-state area, where investors and first-time homebuyers are looking for bargains.

We use loan-level data from the New York City metropolitan area to examine the extent to which lenders attempted to prevent foreclosures with concessionary modifications during the Great Depression. We find no principal forgiveness in the sample and only a handful of concessionary mortgage modifications of other types. Far more mortgages terminated through foreclosure than received any sort of concessionary modification. The results indicate that there are significant impediments to renegotiation of residential mortgages beyond securitization. As such, less renegotiation seems unlikely to be a major cost of securitization of residential mortgages

Repo homes and foreclosed property numbers increased in Brooklyn in February 2011. This was despite a nationwide decline in foreclosures for the same period.

Repossessed houses and foreclosures are set to rise further in the coming two years. According to analysts, the country's shadow inventory increased last year.

Buyers who are looking to find a repo home in New York should do so with caution. It would be wise to check the area you are willing to live in to make the buy worth the trouble.

Despite the continuous concern over foreclosed residential property supplies, Western New York real estate is in good shape. Analysts reported that the commercial property market is doing well.