New York County Foreclosure Data

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Exploring Foreclosures in New York, NY County

New York, NY is well known for its expensive home prices and outrageous properties, but what may be less widely known is the current state of foreclosures in New York County. Since New York is such an exciting and hot market, it’s not surprising to learn that most of the homes that are foreclosed on are considered “hot homes” and sell very quickly. Interestingly, most homes here stay on the market for an average of 128 days and receive 1 offer. These homes are different. For this reason, it is critical to have the most up-to-date foreclosure and real estate data on your side.

New York County’s market includes a variety of homes including condos, townhouses, and multi-family units. With a population of 8.4 million, it is one of the most populated counties in the country. The five boroughs that makeup New York City contain a variety of opportunities for property foreclosure investments.

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Tips for Leveraging Foreclosure Data in New York County, NY

New York County is chock-full of potential properties for investors. However, leveraging the market to work in your favor requires understanding it. Here are a few simple pieces of information to keep in mind as you look at the latest ATTOM’s foreclosure data for New York County.

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Lender-Owned houses make up most of the foreclosure properties here. You can bid at foreclosure auctions through the New York County Superior Court but being aware of the number of foreclosures available is critical to securing your property quickly. Unfortunately, many of these homes have suffered from severe neglect, so it’s important to understand the condition of each unit before purchasing.

Government agencies, too, can own foreclosed properties. These agencies secure ownership of homes that have been defaulted on government loans when it’s used to finance the property. For New York County foreclosures, explore the New York Tax Foreclosure Auction for making a home purchase for as little as $500 (starting bid minimum).

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Access the Right Foreclosure Data

For the most in-depth, accurate, and up-to-date foreclosure data in the industry ATTOM’s is the best resource. ATTOM’s real estate data is based on current data insights and provides details about each property from Default Notices to Notice of Trustee’s Sales, and Notice of Foreclosure Sales, investors rely on ATTOM for trustworthy and deep data insights.

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