Bronx Foreclosures Have Doubled. Experts Say Many More Are Coming.

The Bronx has seen a near doubling of first-time foreclosures compared to the prior year, contrasting with a citywide 5% decline. Experts attribute the surge to a backlog from pandemic-era foreclosure moratoriums, rising tax liens, and the end of federal housing assistance, with The Bronx's low homeownership rate amplifying vulnerability.