No letup in number of Long Island foreclosure filings

September 12, 2009 | by The Long Island Real Estate Report |

The foreclosure filings (Lis Pendens) on Long Island continue to grow at a record pace. The 3rd quarter total is already at 86% of the number of filings in the 2nd quarter, with less than 73% of the filing days recorded.

This rate, coupled with the fact that many of the major lenders typically post their greatest number of filings in the last month of the quarter, could bring the number for the 3rd quarter to over 5,600, or an increase of 17% above the 2nd quarter (which had the highest number ever recorded).

Lis Pendens Filings
Location 2009 Q1 2009 Q2 2009 Q3
Nassau County 1,233 1,853 1,513
Suffolk County 2,079 2,951 2,634
Long Island 3,312 4,804 4,147

Recent increases in filing activity by some of the major mortgage lenders have contributed significantly to these numbers.

Particularly:
BAC Home Loan Services (formerly Countrywide) has more than tripled its filings in the last 3 months (500 vs. 160).

JPMorganChase (including Washington Mutual) has more than doubled (397 vs. 178).

OneWest Bank (formerly IndyMac) has increased by 73% (521 vs. 301).
For complete information on Long Island Sales and Lis Pendens, visit

The Long Island Real Estate Report Stats/Trends area.

1 Comment

  1. Comment by Tony Orlando — September 12, 2009 @ 3:45 pm

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