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Wednesday, December 11, 2013

Long Island Foreclosures Spur Looters Amid Home Limbo

http://www.bloomberg.com/news/2013-12-11/long-island-foreclosures-spur-looters-amid-home-limbo-mortgages.html


Long Island, the 118-mile-long (190-kilometer) stretch east of New York City that’s home to middle-class commuters, blue-collar workers and Hamptons socialites, is facing a foreclosure crisis as delinquent homeowners such as Clarke wait in limbo while courts work through a record backlog of cases. Abandoned properties dot neighborhoods in towns such as Brookhaven, Islip and Hempstead, holding back a housing rebound as prices surge across the rest of the country.

Seriously Delinquent



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