The New York region has the largest backlog in the country of delinquent mortgages that have yet to move through the foreclosure pipeline, which could weigh on home prices for years, ratings company Standard & Poor’s says. For years, the foreclosure problem in the US has been associated with cities in Florida, California, Nevada and Arizona. But several communities in New York have seen rising foreclosures, especially in suburban New Jersey and in Queens and Brooklyn.

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3d rendering of a row of luxury townhouses along a street

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