Westchester Foreclosure Filings Surge in 2013

2013 Sees 48% Increase Over 2012 Filings as Stricter Financing Rules Go Into Place.  “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 1st and December 31st 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:

“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 WestchesterClerk.com or call (914)995-3081.