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Suffolk led in 4Q foreclosures

As last year wound down, 269 homeowners lost their homes to lenders and investors, according to fourth-quarter figures released Thursday by RealtyTrac, which tracks foreclosures.

Of those, 32 were in Nassau and 237 in Suffolk, the report said.

That's a dramatic difference between counties, but figures show the big divide is not unusual. During the third quarter of last year, 20 Nassau homes and 277 Suffolk ones were repossessed, RealtyTrac said. In the fourth quarter of 2009, it was 42 in Nassau and 184 in Suffolk, the report said.

During the credit-boom, a lot of buyers sought homes in Suffolk, where there's more open land than Nassau and property prices were generally less pricey than Nassau. So when the subprime lending collapsed and Wall Street melted, a lot of the struggling borrowers were in Suffolk.

For more on the report, click here.

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