FREE MORTGAGE FORECLOSURE CLINIC - NASSAU COUNTY

This is not meant as a scientific survey but, as I counseled several people at yesterday's foreclosure clinic, I noticed the following:

1. Less people attended than in the past. This may be because of the hours of the clinic (3-6) which interferes with people's work schedule, the fact that the Nassau Supreme Court, in conjunction with the NCBA, had already held clinics earlier this year for all homeowners that were in foreclosure, or for some other reasons not clear to me.

2. The people I counseled who were facing foreclosure due to any one or more of the following reasons:

a. Unemployment.
b. Excessive medical expenses.
c. Death in the family.
d. Excessive credit card debt.
e. Marital issues.
f. Alcohol, drug, etc. issues.
g. Other family discord.

3. Most were interested in saving their homes, even though most of the homes had a value less than the mortgage ("underwater").

Again, just observations.