Fewer LI homes repossessed; more foreclosures begin
Quick ReadAlthough the number of homes take over in foreclosure is down, the number of home owners falling behind on payments has increased
Fewer Long Island homes were repossessed last month compared with July and a year ago, but near-record numbers of borrowers fell into the foreclosure pipeline, the latest figures from RealtyTrac show.
According to the figures:
Lenders took back 15 homes in Nassau and 22 in Suffolk, compared with a total of 63 in July and 134 a year ago, according to the California-based online market...
