Archive by Category "Manhattan Foreclosures"

Manhattan Foreclosures

Articles on Manhattan foreclosures. Read distressed properties stats, insights into the foreclosure process and interesting auctions happening in Manhattan.

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Manhattan is no stranger to big-ticket foreclosure auctions, with properties once valued above the $60 million mark ending up on the foreclosure block. But …

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It’s true. The foreclosure activity in all NYC boroughs continued to slow down in 2012, a 76% drop compared to 2008 and a 8% …

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First-time foreclosures across New York City continue to stay at a low level in Q3 2012, but pre-foreclosures, or lis pendens, have been up …

Are NYC Foreclosures Making a Comeback?Are NYC Foreclosures Making a Comeback?
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After seeing a 22% increase over the first quarter of 2012, the number of new residential foreclosure auctions scheduled in New York City (251) …

Condo Lis Pendens on the Rise in NYCCondo Lis Pendens on the Rise in NYC
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Condo boards in NYC have started  to reinforce their actions against owners who delay paying their monthly condo fees. An in-house analysis done by …

Foreclosure Process Length Doubles in NYC; Brooklyn Sees Lowest Rate of Properties in Lis Pendens Ending Up at AuctionForeclosure Process Length Doubles in NYC; Brooklyn Sees Lowest Rate of Properties in Lis Pendens Ending Up at Auction
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The length of the foreclosure process has doubled in New York City over the past three or four years, an in-house study made by …

Foreclosure Auction Averted in Top Fifth Avenue BuildingForeclosure Auction Averted in Top Fifth Avenue Building
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Only few days ago the reported foreclosure of a Park Avenue apartment owned by embattled developer Kent Swig made headlines all over the New York media. It was the fact that foreclosures are happening in Manhattan’s most desirable buildings that shocked many.

Sloane Mansion Bought by Billionaire at AuctionSloane Mansion Bought by Billionaire at Auction
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18 East 68th Street New York
18 East 68th Street New York | The Sloane Mansion

The now notorious 18 East 68th Street (aka Sloane Mansion) was bought yesterday at auction by an Ukrainian-born billionaire, reports the Wall Street Journal.

Highly Interesting Foreclosure Auctions Scheduled for Tomorrow at New York County CourthouseHighly Interesting Foreclosure Auctions Scheduled for Tomorrow at New York County Courthouse
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The most expensive New York City residence ever that reached the final stage of the foreclosure process is scheduled for auction tomorrow. The property, located at 18 East 68th Street, is also known as the Sloane Mansion. It was named after Henry T. Sloane, a wealthy carpet manufacturer. The lien amount is $28,214,059.

New foreclosures up 25% in Manhattan, but numbers are very smallNew foreclosures up 25% in Manhattan, but numbers are very small
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There were 15 properties scheduled for the first time for foreclosure auction in Manhattan in October 2010. This number has increased by 25% compared …