Foreclosures on LI rose from spring to summer
Despite word the national economy is improving, foreclosure rates soared in the third quarter in Nassau and Suffolk.
Numbers from RealtyTrac released Wednesday show the rate in Nassau increased 5 percent from the second quarter and a whopping 35 percent in Suffolk.
More than 2,300 Suffolk homes went into foreclosure between July and September compared to 1,700 between April and June. In the second quarter, 1,823 Nassau homes were foreclosed upon and 1,925 in the third.
Nassau housing counselor Connie Lassandro says foreclosure and unemployment numbers are inextricably linked.
?If we don't have employment, I don't care what we do? Lassandro says. ?We're not going to be able to prevent these foreclosures."