Foreclosures of the Week
On Thursday at 3 p.m., the financial institution that loaned the current owner of 416 Pacific Street $810,392 against the four-story brownstone will seek to recoup its money at the weekly public foreclosure auction held in Room 261 at the Kings County Courthouse in Downtown Brooklyn. Also of interest to bottom feeders bargain hunters may…
On Thursday at 3 p.m., the financial institution that loaned the current owner of 416 Pacific Street $810,392 against the four-story brownstone will seek to recoup its money at the weekly public foreclosure auction held in Room 261 at the Kings County Courthouse in Downtown Brooklyn. Also of interest to bottom feeders bargain hunters may be the sale of Apartment 1D at 325 Clinton Avenue in Clinton Hill. There’s outstanding debt of $159,022 against the co-op apartment.
416 Pacific Street [Property Shark] GMAP
325 Clinton Avenue, #1D [Property Shark] GMAP
I heard Michelle Williams is buying the place on Clinton Ave.
11:44 The cooperative has the first claim on the apartment so the coop could foreclose for unpaid maintenance. However, if the bank loan is not being paid, the bank pays the maintenance and forecloses. If you buy a coop at foreclosure you must still be approved by the coop Board and meet any requirements (no investors, etc).
when you buy a forclosure, you have to pay for all the liens aganist the property- and you don’t know about those things at auction. also, i’ve been told that in nyc banks are moving things at market value.
I can’t see the info on the Clinton Hill Coop foreclosure – how did you find that and does anyone know how long it takes a coop board to move for foreclosure? Can you tell if this is occurring because of unpaid maintenance or due to mortgage? Since it is so much $$$, I presume it’s the mortgage company moving however – it seems likely to me that – if you’re 100k behind in the mortgage, your maintenance is probably behind too.
Good point, the What. Surrounding property values are dragged down by lower comps.
Please explain, though… what is this war you keep referring to?
lol The What. Why so angry?
I cannot imagine how it feels to know you are losing your home.
Guess what dumbasses? When a house in foreclosure goes back to the bank, the bank sells the house for less than the original mortgage. Thats a new comp assholes! Your house just loss some value. Also if there are many foreclosure in your hood, it drags all of the comps down. in the zipcodes of 11238, 11205 and 11216 are fucking TOAST.
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http://www.nyforeclosures.com/op/op.lis_emailsample.html
Read and weep fuctards. It’s over!! For these house and others!!
The What <--- LMMFAO Someday this war is gonna end
Eventually I might lose my house to foreclosure. Sucks to be in that situation.
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