House repossessions up on Long Island
A foreclosed house is shown in East Palo Alto, Calif., Friday, Feb. 19, 2010. The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb.(AP Photo/Paul Sakuma) Credit: AP Photo/Paul Sakuma
More Long Island homeowners lost their homes to foreclosure in the third quarter of this year than last year, according to RealtyTrac. There was a 59.7 percent increase, with 20 homes repossessed in Nassau and 277 repossessed in Suffolk. Read more here.
