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Long Island Foreclosure Filings Jump

Long Island Foreclosure Filings Increaseby Craig D. Robins, Esq.

Foreclosure Filings

September            535

October                 477

November             378

December             429

January                  713

 Last month, the number of foreclosure filings on Long Island jumped by 66% over the preceding month.

A foreclosure proceeding commences when the mortgage company files a document called a “lis pendens” with the County Clerk.

Shortly thereafter, the mortgage company arranges to have a process server personally deliver the foreclosure “summons and complaint” to the homeowners.

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