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Long Island Foreclosures Increase 69% Over February 2008 Says PropertyShark.com Report


Long Island Foreclosure Report Issued by PropertyShark.com for February 2009 New foreclosures in Long Island totaled 324 in February 2009, increasing 26% over January 2009 (257) and 69% over February 2008 (192) Says PropertyShark.com.

Long Island Foreclosures Increase 69% Over February 2008 Says PropertyShark.com Report
Hempstead, NY, March 17, 2009 --(PR.com)-- PropertyShark.com, the premier real estate data site, today released its monthly report covering first-time residential foreclosures in Long Island (Suffolk County foreclosures, Nassau County foreclosures) for February 2009.

(Note: This report covers February 09 in aggregate. To view individual Long Island foreclosure listings scheduled for auction this week, go to www.propertyshark.com/mason/Foreclosures)

Key Findings (Request report for details and charts):

New foreclosures in Long Island totaled 324 in February 2009, increasing 26% over January 2009 (257) and 69% over February 2008 (192).

There were 220 new foreclosures in Nassau County in February 2009, which is up 26% from January 2009 (174) and 168% higher than in February 2008 (82).

With 104 new foreclosures in February 2009, Suffolk County saw a 25% increase over January 2009, but a 5% decrease compared to February 2008.

Long Island Lis Pendens filed in January 2009 (500) increased 74% over December 2008 (288), but Lis Pendens filings dropped 58% when compared to January 2008.

Nassau County Overview:

There were 220 new foreclosures in Nassau County in February 2009, which is a 26% increase over January 2009 (174) and a 168% increase over February 2008 (82).

Suffolk County Overview:

There were 104 new foreclosures in Suffolk County in February 2009, which is up 25% over January 2009, but down 5% from February 2008.

The full Long Island February 2009 Foreclosure Report can be downloaded at http://www.propertyshark.com/mason/BlogCenter/marketreports.html.

Investors can browse current foreclosure listings on PropertyShark.com in the following areas:

Long Island Foreclosures
Los Angeles Foreclosures
Miami Foreclosures
New Jersey Foreclosures
NYC Foreclosures
Philadelphia Foreclosures
San Francisco Foreclosures
Seattle Foreclosures

Press may request a copy of the report by contacting Brian Scully at 718.408.4985.

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, homes for sale, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com
Contact Information
PropertyShark.com
Brian Scully
718-715-1758
Contact
www.PropertyShark.com

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