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Long Island home repossessions down

House keys and foreclosure notice.

House keys and foreclosure notice. Credit: iStock

Lenders last month repossessed 35 Suffolk homes and 15 in Nassau, RealtyTrac reported.

That's down from the 72 homes taken back a year earlier, before scandals over lenders' foreclosure practices led to temporary moratoriums on foreclosure auctions and seizures, data show.

September's 50 home repossessions was up from the preceding month's 40, the report said.

There were 578 properties sent into the foreclosure process last month, down from the 641 a year earlier and the 621 in the preceding month, RealtyTrac said.

RealtyTrac also released third-quarter data, which showed New York state had the longest, average time to foreclose -- 986 days, a national, all-time record.

Read more about the report here.


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