Zoom In: Where Are the Most NYC Pre Foreclosures Hiding?
Locating pre foreclosures — distressed properties which haven’t yet hit the auction block — in the tight NYC real estate market is not an easy thing. These properties have a special status because they are not yet foreclosures and cannot be found on regular listing websites. When investors search for pre foreclosures, the first thing they do after…
New York City Lis Pendens Reach 2-Year Low In October 2011
Given the fact that the number of scheduled foreclosure auctions has decreased significantly due to the ongoing bank moratorium, we thought it might be a good idea to take a look at the lis pendens trend. Apparently the number of pre-foreclosure filings is also trending downwards, reaching a 2-year low in October 2011. There were 715…
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