Foreclosure remains a major concern in Queens, with the number foreclosed houses and handyman special homes for sale remaining high. Small businesses are said to be key to recovery.
The number of REO foreclosures for sale and other types of foreclosed properties declined during the first half of 2010. However, analysts believe that the good news is only temporary.
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.
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