Auction of Manhattan (& East Hampton!) properties

many more to come

Brooks2, they are not foreclosures, just properties left by intestate residents. Although there certainly will be more foreclosures in the city, downpayment requirements (especially for co-ops, but think also of new condos since lenders tightened requirements the last couple of years) tend to minimize the number of them.

is the place in the hamptons priced well?

tbd

Here are the results of today's auction: http://wp.me/puZRS-4N1

so what happens now? do they get relisted at lower prices?

that does seem like a lot for a studio on East 7th street.

And just look at the condition! http://evgrieve.com/2011/12/this-seventh-street-co-op-studio.html

Yucky! Who's the fool who just wasted so much $$? You gotta be shitting me!