Browning Real Estate School Presents: New York City First-Time Foreclosures at Seven-Year Low ByEvan Nemeroff  Foreclosure activity in all New York City boroughs continued to slow down in 2012, with first-time foreclosures that are up for auction reaching a seven-year low. According to the real estate research website PropertyShark.com, the total number of first-time New York foreclosures scheduled for auction in 2012 was 912. This figure represents a 76% drop from 2008 at the beginning of the housing market collapse when 3,874 housing units were available for auction. Furthermore, from a year ago, this represents a more modest 8% decrease. In other encouraging news for the area, 4Q 2012 properties up for auction remained pretty steady from the prior quarter and also were down 2% from t... 02/17/2013