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New York State Profile

New York' State Profile - ' Spring 2006. During 2005, job gains in the state's higher-paying sectors offset manufacturing losses. New York's rate of job growth eased during 2005 reaching a low of 0.6 percent in the fourth quarter,...


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Finding Opportunity in the New York Real Estate Market: Pre-Foreclosures

Now with pre-foreclosure listings available online, opportunities can be found across the U.S.

For example with San Diego, California's median home prices topping at $500K+, a couple might not be in a position to afford a home of their own. Yet, might be able to purchase a pre-foreclosure property in another area or state with lower housing prices but in a faster growing market or with better future appreciation growth potential; when the property increases it's value in a few years time, sale of the property could provide the necessary capital to purchase their home in the San Diego area...


Your New York Pre-foreclosure Resource site.


Finding Quality Pre-foreclosure Listings

Using the internet, a number of web sites allow searches by state, county, city, and zipcode. Pre-foreclosure listings are public information and generally available at the local recorder's office. Finding pre-foreclosure properties can be done by visiting the local recorder's office and making photocopies, since listings are added on a daily basis, this can be daunting.

Since most pre-foreclosure listing sites offer a free trial period, take advantage to determine if the quality of data and services meet your needs. Although both will provide you with information on available house, the difference between the two is of significant importance.

Trial? Updated? Rating Link
7 days Daily/Weekly ***** RealtyStore.com
1 Week Weekly **** Bargin.com
1 Week Weekly **** RealtyTrac.com
7 days Weekly *** Foreclosurenet.net
3 days Monthly *** Foreclosure.com

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New York Foreclosure Law

  • Judicial Foreclosure Available: Yes
  • Non-Judicial Foreclosure Available: Yes
  • Primary Security Instruments: Deed of Trust, Mortgage
  • Timeline: Typically 120 days
  • Right of Redemption: No
  • Deficiency Judgments Allowed: Yes




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