Foreclosures start to clog LI civil c...

Foreclosures start to clog LI civil courts

There are 47 comments on the Newsday story from Apr 15, 2009, titled Foreclosures start to clog LI civil courts. In it, Newsday reports that:

If the rising number of home foreclosures on Long Island is a flood, then it follows the waters have but one drain - the region's swamped civil court system.

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Lotterypick

Brooklyn, NY

#41 Apr 16, 2009
Some of the foreclosure problems could be due to the difficulty in identifying who owns the mortgage. In their haste to securitize so many mortgages without a care that someone may need to foreclose some day, many did not put in the time and expense of recording anything. This has been a real problem for lenders in many states, tho I don't know how NY courts are addressing this.
beegeez

Bridgewater, NJ

#42 Apr 16, 2009
south shore wrote:
I'm a real estate agent, there are NO forclosures that worth their salt. You want to live Wyandanch, Roosevelt, Mastic Beach, Bellport, oh, you want to own a town, go to New Cassell, each street has at least 6 -8 boarded up forclosed properties. You could own the town if you wanted to, but nobody wants to, believe me. However, if you want to live Syosset, Plainview, Huntington, Jericho, E. Williston, Roslyn, Long Beach, Oceanside or any other town that you would WANT to live in and actually be able to send your kids to a proper school, forget it, NO FORCLOSURES, and if there were one, it goes into contract within a week.
It is NOT a Buyers or a Sellers out their, everyone wants too much for their little houses or the buyers puts in such lowball offers, that they have a hard time coming to an agreement. So the house either gets rented out or stays unsold, and is taken off of the market. Period, end of story.
This article is nothing more than a plea from these fat, lazy, biased, paid off, politically connected, judges wanting more. Trying to make the situation seem so out of hand, that the ONLY solution is hire more judges. What a bunch of fuggging bullllshyt. Who is this Erik German?, writing this crapppp? Is his father Harold German, the so called doctor in Huntington?
Newsday, stop, just stop this garbage that you are spewing to bring down the Long Island housing market.
WRONG!
You can find a foreclosure in some nice areas.
Look in Brightwaters. Those homeowners live day to day and are now losing their homes.
From riches to rags
Right On

Bronx, NY

#43 Apr 17, 2009
libubble wrote:
<quoted text>
5 years from now this country will be in worse shape than it is right now. We had plenty of stimulus from 2000 up until the peak of the bubble (easy credit); that was what caused the bubble. You cannot reinflate and sustain a bubble that was created by the same method that caused it.
I'm sure you will have your hands out for a bailout when you are deep underwater with your property.
If you are right, then I will be on line with the majority, if you are wrong you will be sitting in your hovel forecasting doom while the rest of us have moved on! The economy will grow as the world population grows and land becomes scarce. Eventually it will disintegrate, but not in a recession - in a world war. Until then, party on!
Bob

Brooklyn, NY

#44 Apr 21, 2009
Cut Taxes and more people will be able to pay their morgages! Enough of rewarding the lazy and punishing the workers!
Right On

Bronx, NY

#45 Apr 21, 2009
Bob wrote:
Cut Taxes and more people will be able to pay their morgages! Enough of rewarding the lazy and punishing the workers!
Steve Levy is laying off county workers because - there is no more money! Imagine that, not just raising taxes again to keep a bunch of cronies and nepotists on the payroll! Cut the bums - protect the taxpayer!

Daniel P from Long Island

“Protestant, Gay, Libertarian”

Since: Apr 08

Long Island, NY

#46 Apr 21, 2009
Spirit of 1776 wrote:
<quoted text>
Retired Civil Servant: Too bad you aren't civil, egalitarian, and giving of heart and soul. Instead I find you rather the snob, and a bit of an elitist, based upon your paltry sum of 70K a year...really not much money actually.
LOL. GOOD retort ! I agree with you.
Bob

Brooklyn, NY

#47 Apr 23, 2009
The pirates aren't in Somalia.. They are in congress!

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