Foreclosure of the Week: 167 Prospect Place

Like so many foreclosures, this one at 167 Prospect Place looks a little funky. The Prospect Heights brownstone was purchased in 2006 for $1,650,000, and financed with first and second mortgages totaling $1,200,000. The house was then sold for a whopping $50,000 in 2007. It's been bouncing around the foreclosure system since last summer with a lien of $1,114,555. It's on the schedule for tomorrow again. 3 p.m. at 360 Adams, Room 274. GMAP

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This house is on a great block in Prospect Heights. The location is one of the best in the city close to the Q,B,2 an 3 train

Posted by: Amzi Hill at February 25, 2009 11:36 AM

if i recall correctly this townhouse is split into five units. still, as Amzi comments, this is a gorgeous block and a superb location.

Posted by: Fjorder at February 25, 2009 11:39 AM

i used to live a door or two down from this place when i first moved to nyc. amazing block, my resident landlord was totally nuts. i remember this house selling and being shocked at the price at the time before houses got even more nuts. still great block.

Posted by: zzzap at February 25, 2009 2:40 PM

beautiful block, definitely something odd going on with that mortgage history. i hope whoever gets it takes good care of it.

Posted by: i disagree at February 25, 2009 3:51 PM

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February 25, 2009

Foreclosure of the Week: 167 Prospect Place

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