Foreclosed Nassau homes auctioned amid protests

Housing reform group ACORN (Association of Community Organizations for Reform Now) stepped in to save at least one foreclosed Nassau home from the auction block Tuesday, but not as many as the organization

News 12 Staff

Jan 14, 2009, 1:10 AM

Updated 5,669 days ago

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Housing reform group ACORN (Association of Community Organizations for Reform Now) stepped in to save at least one foreclosed Nassau home from the auction block Tuesday, but not as many as the organization would have liked.
Several dozen ACORN members were thrown out of Nassau County Supreme Court, where a foreclosure auction involving 128 county homes was taking place. Members of the group say the people who are losing their homes are the victims of predatory lending.
Suzanne Gray, of Uniondale, says she came within hours of losing her childhood home to the auction. On Monday afternoon, ACORN managed to renegotiate the terms of her mother?s adjustable rate mortgage.
Some investors who came to bid on the homes told News 12 Long Island off camera that families fighting foreclosure have only themselves to blame. Other Long Islanders say the time for pointing fingers has passed.
Nearly 5,000 Long Island homes were scheduled for foreclosure auction in the past year, according to PropertyShark.com.
President-elect Barack Obama is pushing for much of the remaining financial industry bailout money to go directly to homeowners threatened by foreclosure. Congress could vote as early as this week to authorize that. Reps. Steve Israel (D-Huntington), Carolyn McCarthy (D-Mineola) and Tim Bishop (D-Southampton) all say help for homeowners is a must.
Click for more on Obama?s plans for homeowners


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