Long Island Foreclosures Increase 69% Over February 2008

Looking at the numbers from our February 2009 Long Island Foreclosure report, it seems that while Suffolk has stabilized compared to the same month last year, Nassau Foreclosures are up 168%. Here are key takeaways from the report.

  • 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.
  • Hampton’s foreclosures remain very few and far between.
Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.