FORECLOSURE FIX
NEW York's foreclosure rate remains well below the national average. One in every 1,631 households here faced foreclosure in March, compared to one in 538 nationwide, reports RealtyTrac. But that good news may not last. New York's working- and middle-class real-estate markets only started seeing weakness during the second half of last year, city tax analysts say - more than a year later than much of the country. Citywide foreclosures were up 18 percent in March compared to a year ago, as some people who run into trouble paying their bills can't refinance or sell as the market weakens. And some New York neighborhoods are harder-hit. On Staten Island, foreclosures are up 103 percent over March 2007, driven by the poorer North Shore. Foreclosures in Queens are up 35 percent, driven by Jamaica and Hollis. And turmoil in...
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