Foreclosures of the Week: Clermont and Hancock
Based on location, there are two foreclosures tomorrow worth noting. The first is at 74 Clermont Avenue between Park and Myrtle. The current building ain’t much to look at but the old tax photograph reveals quite a charming brick facade, suggesting there may be potential. The current lien is $829,058. The brownstone at 516 Hancock…
Based on location, there are two foreclosures tomorrow worth noting. The first is at 74 Clermont Avenue between Park and Myrtle. The current building ain’t much to look at but the old tax photograph reveals quite a charming brick facade, suggesting there may be potential. The current lien is $829,058. The brownstone at 516 Hancock Street changed hands for $645,000 in February 2005; the current lien is$595,644. At one point in time, this was gem. Both houses go on the block tomorrow at 3 pm at 360 Adams Street, Room 261.
74 Clermont Avenue [Property Shark] GMAP
516 Hancock Street [Property Shark] GMAP
Yeesh, this is an idiotic dialogue. Normally, bstoners are a (mostly) reasonably friendly and helpful lot; not so this time.
Can I have the last 90 seconds back?
10:34PM,
If so, then show us the listing for a brownstone on a 300 block on Hancock for $650k. Do you have a link?
yes, it is a 2 family, double duplex.
Yes, Junior you have to have cash, whether it makes sense to you or not.
It’s what is known as no mortgage contingency with time of the essence. Do
you have that, Mr. it makes no sense.
People with cahs get deals, people without cash better be good looking and have connections in the nabe. Yes, it is a
strata system.
To the poster who mentioned the building on 300 block of Hancock for $650K, is it a 2-family?
some more info about foreclosure (the two types in US)
http://en.wikipedia.org/wiki/Forclosure
from what I can tell NYC uses both in court and out of court foreclosures
I found these articles by typing “buying home at auction” into google. It wasn’t too hard. Jeesh.
http://www.consumeraffairs.com/news04/2007/04/buying_foreclosure.html
http://www.ehow.com/how_5835_buy-home-auction.html
My wife runs a credit counseling division for a brooklyn social services organization. The stories she could tell you about income/debt ratios are jaw dropping. So many of her clients have mortgages that equal more than 50% of their monthly income. One has an income of $4,100 per month net and a mortgage payment of $3,600. Before they turn on a light, fill a gas tank, buy a gallon of soy milk they are down to $500.00. We’ll see a lot more foreclosures in the very near future.
parkslopian no one slaming the site everytime gives criticism about the site the likes of you feel the need to defend brownstoner’s honor. oh please. I was only pointing out that fact because everytime the forclosures are posted people ask a similar question as to what the info means. if it was said upfront it wouldn’t be necessary for people to keep asking over and over. yes, the point of the site is to be informative but how informative are you being if the info is only leading the readers to ask more questions. personally I know how housing auctions go but that doesn’t mean everyone else does. sure someone can go elsewhere to find that info but it would be nice if he was a bit more forthcoming with it – the way 1256 broke it down thats all.