Manhattan Foreclosures

Chart: Foreclosure Process Length NYC

Foreclosure Process Length Doubles in NYC; Brooklyn Sees Lowest Rate of Properties in Lis Pendens Ending Up at Auction

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 our data analysts showed. The average number of months it took for a delinquent mortgage to reach the final stage of the foreclosure process, that is to be scheduled for auction,…

Foreclosure Auction Averted in Top Fifth Avenue Building

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.

18 East 68th Street New York

Sloane Mansion Bought by Billionaire at Auction

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 Courthouse

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.

Site of a 32-Story Residential Development Site in Manhattan to be Auctioned Tommorow

The site of a 32-story residential tower on the Upper East Side is scheduled for auction tomorrow, August 5th, in one of the largest non-mortgage foreclosure auctions in years. The lien amount is $9,677,028. The property, a former garage located at 1113 York Avenue was designed to host 173 rental units  in a 32-story structure,…

Top 5 Manhattan Distressed Properties with Highest Mortgage Amount in 2009

Here are what we found to be the top 5 Manhattan properties (by mortgage amount) with a lis pendens filed against them. The rental apartment buildings at 2225 5 Avenue and 2171 Madison Avenue shared the highest mortgage amount among the distressed properties in Manhattan for 2009. The mortgage was for $225,000,000. Properties reportedly owned…

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