Hempstead, NY, March 17, 2008 – PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County foreclosures, Nassau County foreclosures) for February 2009.

(Note: This report covers February 09 in aggregate. To view individual Long Island foreclosure listings scheduled for auction this week, go to http://www.propertyshark.com/mason/Foreclosures/new_york/ )

Key Report Findings

• New foreclosures in Long Island totaled 324 in February 2009, increasing 26% over January 2009 (257) and 69% over February 2008 (192).
• There were 220 new foreclosures in Nassau County in February 2009, which is up 26% from January 2009 (174) and 168% higher than in February 2008 (82).
• With 104 new foreclosures in February 2009, Suffolk County saw a 25% increase over January 2009, but a 5% decrease compared to February 2008.
• Long Island Lis Pendens filed in January 2009 (500) increased 74% over December 2008 (288), but Lis Pendens filings dropped 58% when compared to January 2008.

Nassau County Foreclosures

• There were 220 new foreclosures in Nassau County in February 2009, which is a 26% increase over January 2009 (174) and a 168% increase over February 2008 (82).

Suffolk County Foreclosures

• There were 104 new foreclosures in Suffolk County in February 2009, which is up 25% over January 2009, but down 5% from February 2008.

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter .

Real estate investors can browse current foreclosure listings for the following areas:

• Miami Foreclosures
• New Jersey Foreclosures
• NYC Foreclosures
• San Francisco Foreclosures
• Seattle Foreclosures

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales,  property tax, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

For all media inquiries, please contact the PropertyShark.com Marketing Department at (718) 408-4985 or pr@propertyshark.com.