Closing Bell: Following Up on BK Foreclosures

Last week we covered an installment by the Village Voice reporting on four foreclosure auctions in Brooklyn. Of the four properties, the Voice spoke with one owner, who has been struggling to hold onto her Bed Stuy home at 876 Greene Avenue. Today they reported on what happened at the auction. 876 Greene didn’t sell, but the owner told the Voice: “I’m still going to have to sell it and figure out where I’m going to live. So it’s not like it’s a happy ending and all that. But it’s better than being sold off last week.” Three properties, at 1172 Putnam Avenue, 619 Hancock Street, and 1658 52nd Street, sold anywhere from $300,000 to $450,000. The group of buyers was mostly made up of investors and one couple who wanted to buy a home under market value but was outbid. The Voice plans to continue covering NYC foreclosure proceedings weekly.
What Went Down at Last Week’s Foreclosure Auctions [Runnin’ Scared]
The Faces Behind Foreclosure [Brownstoner]
From left to right: 876 Greene Avenue, 1172 Putnam, 508 Waverly, three properties that hit the auction block. Photos by Ben Sin via Village Voice.