Real LI

Buying and selling real estate in the communities of Long Island

LIers facing foreclosure can get help from state agency

The center is run by the state Department

Long Island homeowners at risk of foreclosure can seek assistance on Friday in Baldwin.

The state Department of Financial Services will offer guidance to homeowners at Baldwin Public Library, 2385 Grand Ave. The agency’s van will be stationed there from 9 a.m. to 5 p.m.

Homeowners should bring relevant documents, such as records of mortgage payments and correspondence with their lender....

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'Underwater' loans fall 15% on Long Island, CoreLogic shows

The share of Long Islanders who owe more

(Credit: iStock)

The share of Long Islanders who owe more than their home's value has fallen, a new report shows. In Nassau and Suffolk counties, 42,539 homeowners -- 7.8 percent of those with outstanding mortgages -- were "underwater" on their loans in the July-through-September period, CoreLogic reported Tuesday.

That's down from the third quarter of 2012, when 49,949 of local homeowners -- or...

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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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