New York Foreclosure Listings

Written by Jared Vincenti
Bookmark and Share

As the most populous city in the United States, New York City is also a center of economic activity. The self-proclaimed "Capital of the World" is the home of the United Nations, and itself a mighty economic power. Taken alone, the city makes more money yearly than the entirety of Russia, and is the site of much international business and trade.

New York is the home to the New York Stock Exchange, and Wall Street is located in downtown Manhattan. In addition to being a financial powerhouse, New York also is home to a strong film industry, clothing industry, publishing industry, and enjoys a huge tourist market.

New York Homes

Economic clout considered, New York is one of the most expensive U.S. cities to live in. New York homes cost over twice the national average, but quickly rise in value. Those looking to invest in New York realty might consider purchasing a foreclosure home.

Foreclosure listings are provided by lenders, who are trying to sell off property that they have repossessed. There are a number of businesses, many online, who provide compiled listings from all lenders. These foreclosures are not always limited to residences, though, and also contain everything from commercial buildings to theme parks. If you find a property that interests you, you should contact a local realtor to arrange to visit and bid on the property. Never bid on a property until you have been appraised of the repairs that it needs.


Bookmark and Share