Skip to main content

NYC Suburb May Auction Off 250 Foreclosed Homes

Phil Hall
Mar 14, 2016
The municipal government in Yonkers, N.Y. is considering an auction of 250 properties that it acquired through foreclosure

The municipal government in Yonkers, N.Y. is considering an auction of 250 properties that it acquired through foreclosure when delinquent property owners failed to pay their taxes.

According to a report in The Journal News, Yonkers—a small metropolitan are located on the northwest border of New York City—is preparing to sell 17 foreclosed properties later this spring in what will be a series of auctions that will continue through the year. The homes being readied for the auction, which the city claimed through tax lien foreclosure cases and property seizures for unpaid taxes, are mostly in a derelict condition.

Yonkers’ seemingly sudden ownership of the properties follows a three-year campaign by Mayor Mike Spano's administration to prosecute tax deadbeats who have not made payments for the last two years. To date, the city has recouped more than $3 million in back taxes from property owners that did not want to lose their homes.

Published
Mar 14, 2016
FormFree Enters Deal To Offer Products to Lenders One Members

Mortgage Cooperative Hopes Automated Borrower Verification Tools Will Enhance Customer Experience

Industry News
Aug 03, 2021
AHP Servicing Names Charles Halko Jr. CFO

Brings 30-Years Of Experience to Chicago-Based Servicer

Industry News
Aug 03, 2021
Ready Capital Announces Deal To Acquire Red Stone

Real Estate Finance Company Expands In Multi-Family Affordable Housing Sector

Industry News
Aug 03, 2021
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021