Home foreclosure filings in Nassau County continue to be among the highest in New York State. To help residents caught in the growing mortgage foreclosure crisis, volunteer attorneys will be available to answer questions at a free clinic May 9 sponsored by the Nassau County Bar Association.
The event will be held from 3 to 6 p.m. at the organization's headquarters at 15th and West streets, in Mineola.
Attorneys have volunteered to provide one-on-one guidance, advice and direction to any Nassau homeowner concerned about foreclosure matters or who is already in the foreclosure process involving property in the county.
Reservations are required; call 516-747-4070. Attendees are asked to bring their mortgage documents. Bilingual attorneys fluent in Spanish, Creole and Russian will be on-site. Attorneys bilingual in Korean, Chinese, Hindi and other languages will be made available upon request when homeowners call to make reservations. -- GIGI BERMAN AHARONI
The Corcoran Group reported a 23 percent drop in units sold and a 19 percent drop in dollar volume, year over year, while Town & Country Real Estate noted that nine of the 12 markets they monitor saw a decline in the number of home sales for the first three months of 2011. Prudential Douglas Elliman Real Estate saw drops in average sales price and median sales price throughout the Hamptons and the North Fork. It also reports that the number of sales are down to 379 from 486 for the quarter, year over year.
At Brown Harris Stevens, economists report that the average residential sale price on the South Fork of $1,405,503 was down 21 percent from the same period in 2010. Reasons for the decline include a particularly bad winter with record snowfalls, market corrections and last-minute closings at the end of 2010.
-- LARA EWEN