As the nationwide mortgage crisis deepens, Queens and Brooklyn are bearing the brunt in the city. In Queens, foreclosures were up 120 percent last month compared with last year.
The number of houses lost in Queens spiked from 688 for the month last year to 1,514 this year. Brooklyn fared better, but still saw an increase of 50 percent this October over last. Property foreclosures were up to 1,277 versus 815 a year ago.

Statewide, foreclosures were up 51 percent, with a total of 6,519.

Across the country, foreclosures were up 94 percent from October 2006. With a total of 224,451 filings, the national rate for the month was one foreclosure for every 555 households.

(Source: NY Post)