Long Island foreclosures soared in past year
The latest numbers show foreclosures on Long Island skyrocketed over the past year, and experts say it may have to do with the lengthy filing process.
In the last year, foreclosures in Nassau rose 108 percent and 38 percent in Suffolk.
Others aren?t so lucky. For Shirley resident Barbara Cameron, her future is up in the air. She says she applied for a loan modification on her home in August but is still waiting to hear. Meanwhile, she says she?s running low on reserves.
The Kreutels, of Patchogue, finally had their mortgage lowered by $600 after waiting six months for word from the bank.