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Long Island’s Foreclosure Rate Down Significantly!

By AgentImage, Tuesday, December 20, 2011
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AS THE HOUSING RECOVERY ACROSS LONG ISLAND TAKES A STRONG HOLD November’s numbers confirm such. In Nassau county there were 257 foreclosure related filings – down 12.6% from October and down 3.4% from the prior year same month. In Suffolk the downward trend was even greater….the 141 filings were 30% fewer than October and a whopping 82.5% less than the prior year.

Here on Eastern end of Long Island foreclosures are a VERY small segment of our market, and always have been.

These stats were quoted from RealtyTrac, a California based foreclosure data provider. Filings include new cases, auction notices & repossessions.