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Foreclosure in Manhattan New York

By
Real Estate Agent with Douglas Elliman Real Estate

Foreclosure in Manhattan New York is something that we (sellers, buyers, and buyers) have not yet experience much. We may start seeing more short sales in Manhattan New York in the months to come as other parts of the country are very familiar with Short Sales. With the recent financial crisis, buyers are hoping to see a glimpse of foreclosure in Manhattan New York and buying some deals. I am not sure if those days will come, but Property Shark has prepped and release its foreclosures report for 2/2009. The report covers L.A., Miami, Seattle and New York, Property Sharks has released the information to Curbed.com and allow us have granted us an early look at the NYC data.

Foreclosure in Manhattan New York may be coming and becoming more common than before...With banks, sellers, buyers, Real Estate professionals, analysts, the federal government unsure of what to make of this whole housing situation as it pertains to mortgages and delinquent loans in the near future, the city actually saw a 3 percent decrease in new filings from January to February, and a 10 percent fall from February 2008. There were 269 new foreclosures across all five boroughs in month of February. (source: Property Shark)

Number of Foreclosure in Manhattan New York for the month of February 2009 is 9.

Foreclosure in Manhattan New York

Foreclosure in Manhattan New York

If you are a property owner that owes more than you own and not sure what to do, please contact us (212)321-7122 or Email us at ehsu(at sign)elliman.com. We can help.  Having Short Sale in Manhattan New York - New York is complicated,  SELLERS or BUYERS please read our series in order to better understand what a short sale is and how we will proceed on with the short sale. If you are thinking about doing a short sale in Manhattan New York city market, call Eileen Hsu or Morgan Evans at (212)321-7122 for futher details and your confidential short sale intake evaluation.

Copyright © 2009 By Eileen Hsu, All Rights Reserved.  *Foreclosure in Manhattan New York* 

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Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)

Our team specialize in Manhattan New York Condominiums, townhouses, and condops.

We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate goals.

Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent

 

Comments (4)

Kathy Knight
Intracoastal Realty Corp - Wilmington, NC
BROKER, ABR, CRS, GRI, SFR, SRES

Eileen glad to hear you don't have many. We haven't had that many here either... Good luck...

Mar 09, 2009 09:29 AM
Dom Naidoo
Westside Properties - Venice, CA
Malibu to the Marina Real Estate

Eileen,

Here in Los Angeles there is a sea of foreclosures, bankowned, REO properties. Unless it is a short sale, I rarely see a listed property with a traditional seller. All the best.

Mar 09, 2009 09:35 AM
Sonny Kwan
Quantum Group Commercial - Residential - Lease Seattle, WA - Mercer Island, WA
206-819-8228

Wow , are the foreclosures going to inch into the manhattan real estate market or stay outdside the City?

Mar 09, 2009 01:24 PM
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo
 

yes they look so nice but Foreclosures are such tough on to stomach.

Nov 10, 2011 03:00 AM