TODAY'S PAPER
61° Good Evening
61° Good Evening
ClassifiedsReal Estate

LI foreclosure filings down in past month from June 2010

A short sale sign hangs outside a home

A short sale sign hangs outside a home for sale in Las Vegas in 2010. Photo Credit: Bloomberg File, 2010

Long Island’s foreclosure-related filings fell 35 percent last month from a year earlier, RealtyTrac reported.

There were 469 filings in Nassau and 334 in Suffolk, the data show. Foreclosure-related filings are either new cases, auction notices or lender repossessions. RealtyTrac is an online market for properties in foreclosure.

Suffolk, which often has had the biggest increase in filings, had a bigger reduction than Nassau -- 52 percent from a year earlier versus Nassau’s 12 percent, according to RealtyTrac.

The year-over-year decreases stem mostly from last fall’s scandals over lenders’ foreclosure practices, which slowed filings of new cases considerably.

Photo:  In this housing market short sales are frequent in the face of foreclosure.
 

Comments

We're revamping our Comments section. Learn more and share your input.

More news