buying foreclosure

Especially in the coop condo market..... ? I'm interested too.

me too
though most are likely to owe more than the potential discount if you wait

There are lot of sites like RealtyTrac.com and propertyshark.com but I would hope to hear from some one who has experienced it. Going to city auctions or dealing directly with banks etc.

99% of properties at the city auction go back to the bank. Also, there are very few foreclosures in Manhattan so your looking for a needle in a haystack.

This place has some foreclosures in NYC if your interested, although all of the apartments they had in Manhattan all had major drawbacks (rent controlled tenant, land-lease buidling, etc.). So if your looking for a foreclosure in Manhattan, your wasting your time.

http://www.longislandforeclosuretours.com/?gclid=CNDN16uCm5cCFQIfswodz1ahJQ

In the outer boroughs you should be able to find lots of foreclosures. But be fore-warned: most of them are in neighborhoods you probably don't want to go out in after dark.

1 in 50,000 foreclosures to date in Manhattan, compared to 1 in 4,300 in Queens. Good luck