Real LI

Buying and selling real estate in the communities of Long Island

Distressed homeowners can seek help in Nassau, Suffolk

Homeowners at risk of foreclosure can get assistance in South Huntington and Freeport this week.

The state Department of Financial Services will send its mobile foreclosure prevention van to the South Huntington Public Library, 145 Pidgeon Hill Rd., on Thursday from 9 a.m. to 5 p.m.

The van will visit Freeport Village Hall, 46 N. Ocean Ave., on Friday from 10 a.m. to 6 p.m.

“Our...

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Long Island foreclosures rise, not just because of Sandy

A report released Oct. 29, 2013, by real

(Credit: iStock)

It's been a year since superstorm Sandy hit the shores of Long Island, but it hasn't become any easier to quantify the long-term impact it's had on the local housing market.

In the short term, of course, there was a dire need for housing for those impacted by the storm, and the rental market caught fire. But many displaced Long Islanders have since found viable alternatives. At the same time,...

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Nassau residents can get help with foreclosure, Sandy troubles

Wanda Selinger speaks with Nassau County residents during

(Credit: Barry Sloan)

Nassau County residents at risk of foreclosure and those whose homes were damaged by superstorm Sandy can get free legal help at a clinic on Monday.

The Nassau County Bar Association will offer the clinic from 3 to 6 p.m. at its headquarters at 15th and West streets in Mineola. Required reservations can be made by calling 516-747-4070.

Volunteer attorneys and federally certified...

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NY AG sues Wells Fargo, reaches accord with Bank of America

Ronni Tomasini in her Garden City Park home.

(Credit: Heather Walsh)

New York's top prosecutor has sued Wells Fargo and reached an accord with Bank of America over allegations that the two banks violated terms of a $25 billion settlement over mortgage abuses.

The most critical problems involve delays in processing homeowners' requests for help, state Attorney General Eric T. Schneiderman said at a news conference Wednesday.

"If you are a homeowner...

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CitiMortgage to meet with troubled homeowners

There's help for homeowners in trouble with their

(Credit: iStock)

CitiMortgage representatives will meet with homeowners this weekend in Hauppauge to discuss mortgage modifications, refinancing and other potential help for those in distress.

The one-on-one consultations will take place on Saturday from 8 a.m. to 4 p.m. at the Upsky Long Island Hotel at 110 Motor Pkwy.

Homeowners should bring their mortgage account number; pay stubs for the last 60...

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New York house flipping nets $40,000 average profit

A "Sold" sign is posted outside a home.

(Credit: AP)

Looking for a quick $40,000? Consider joining the rapidly growing legion of New York-area home flippers. The average gross profit on a home owned for less than six months and sold in the first half of 2013 in the New York City, Long Island and Northern New Jersey area was $39,458, according to a report released July 19 by real estate analytics firm RealtyTrac.

Based on gross profit percentage...

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