In the November Long Island Foreclosure Report we found that there was a 37% decrease in Long Island foreclosures in November 2008 (196 scheduled foreclosures) from the previous month (311 scheduled foreclosures). However, compared to November 2007, foreclosures are 37% higher.
There were 103 new Nassau County foreclosure auctions scheduled in November 2008, a 51% decrease from October 2008, but a 51% increase from November 2007. The total aggregate lien amount dropped over 50% from $89.2 million in October 2008, to $40 million in November 2008.
Foreclosures in Suffolk County were down 9% from October 2008, yet despite the monthly decrease, the foreclosure level was still 24% higher than in November 2007.