Report: Fewer foreclosed homes being bought on LI

? According to a new report, fewer foreclosed homes are being bought on Long Island. In Suffolk County, foreclosure sales fell nearly 28 percent in

WOODBURY - ? According to a new report, fewer foreclosed homes are being bought on Long Island. In Suffolk County, foreclosure sales fell nearly 28 percent in the third quarter of last year. Foreclosure sales were down 7.7 percent in Nassau County last fall. RealtyTrac says 20 percent of all homes sold in the United States last fall were foreclosures, down from 22 percent in the spring. The current drop in sales is being blamed on unclear proper foreclosure procedures. RealtyTrac says the sooner the market gets more clarity, the sooner the market can sell the properties.

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