Business

Long Island Leads N.Y. In Pre-Foreclosures

October 8, 2010 10:54 AM

Foreclosure - File / Photo: Justin Sullivan/Getty Images

Foreclosure (credit: Justin Sullivan/Getty Images)

Reporting Sophia Hall

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Business, Heard On 1010 WINS, WCBS, WFAN, Local, News, Watch + Listen

ON LONG ISLAND (WCBS 880) - In Suffolk County, nearly 20,000 90-day pre-foreclosure letters have been sent out to home owners.

That’s the highest number in New York state.

LISTEN: WCBS 880′s Sophia Hall reports

Queens and Nassau County come in second and third.

The letters are required under state law, so that homeowners have a chance to work with their lenders or with a local agency to help prevent their homes from being foreclosed.

In total, in New York state, 134,000 notices were sent out between February and August.

Long Island Leads N.Y. In Pre Foreclosures

http://newyork.cbslocal.com/2011/04/16/dozens-ask-for-foreclosure-help-at-brooklyn-bank/ Dozens Protest At Crown Heights, Brooklyn Chase Bank For Not Helping Enough With Home Foreclosures « CBS New York

[...] Amelia Adams closed her account there because she is upset that so many of her friends are not getting home loan modifications and they may loose their homes to foreclosure. [...]
Steven B.

Taxes are a third of my mortgage. Since buying my house in 2004 have gone up approx. 35%. Is that fair to home owners? Is it fair that our homes have lost value and the taxes keep going up? I predicted this would happen four years ago.

Our taxes have not kept up with our salaries. The average family of four making $100,000 a year shell out sometimes nearly 1/2 their paycheck to support the mortgage because of the bloated taxes and other fees.
nytaxes2high

Thats because TAXES ARE SO FREAKIN HIGH!!!!

harriet in queens

no, it’s because too many people brought homes they could not afford and too many people became unemployed due to the bush deregulation policies, offshoring of jobs as the top 2 percent just keeps funnelling money upwards. Yeah don’t think that roads pave themselves, fire departments get trucks gifted from the manufactors and schools just exist on hope and air, did you?