Recent research suggests that foreclosures have negative effects on homeowners and neighborhoods. We examine the association between concentrated foreclosure activity and the risk of a property with a foreclosure filing being scheduled for foreclosure auction in New York City. Controlling for individual property and sociodemographic characteristics of the neighborhood, being located in a tract with a high number of auctions following the subject property’s own foreclosure filing is associated with a significantly higher probability of scheduled foreclosure auction for the subject property. Concentration of foreclosure filings prior to the subject property’s own foreclosure filing is associated with a lower probability of scheduled foreclosure auction. Concentrated foreclosure auctions in the tract prior to a subject property’s own filing is not significantly associated with the probability of scheduled foreclosure auction. The implications for geographic targeting of foreclosure policy interventions are discussed.
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