It appears that Eastern Savings Bank has repossessed two single family homes in the exclusive New York suburbs of Kings Point and Upper Brookville. As no sufficiently high bids were made, the properties were repossessed by the banks for $3,929,509 and $2,160,000, placing them among the most expensive repossessed single family homes in Nassau County since 2008.
35 Hemlock Drive, located in Kings Point, was scheduled for auction for the first time in December 2008. The property was rescheduled for auction three times, finally being taken back by the bank for $3.9 million on May 25th. The assessed value of the property is $2.4 million.
As in the case of the former property, 23 Hunt Court in Upper Brookville was rescheduled for auction multiple times (6) until it was repossessed on May 25th 2010. The distressed owner tried to sell the property, originally priced at $2,950,000, but failed to do so. The bank repossessed the property for a bid amount of $2,160,000.
Disclaimer: PropertyShark tracks auction results in Nassau County, NY. However, a sale can only be confirmed by a deed filed at the County Assessor Office.