Wednesday, August 30, 2006

Foreclosures of All Sizes Are Mounting

AMONG Westchester properties that have recently been forced into foreclosure are a $1 million house in Harrison, one costing $1.5 million in Scarsdale, a 1,850-dwelling condominium project in Yonkers that is $28 million in arrears, and a $75,000 house in Yonkers.

What they represent is the wide range of properties in the county that are in trouble, said Roger Sirlin, a lawyer in Mamaroneck who specializes in real estate.

Falling real estate prices, a faltering economy and loss of jobs have all contributed to the foreclosures, which number more than at any time in recent memory, Mr. Sirlin said.

Remembering the Downturns

Read the entire article at The New York Times

1 comment:

Eddie Carr said...

I've been searching the internet for places to find real estate and especially foreclosure properties across the nation. I appreciate the blog and access to the site. I also came across a Google Maps mashup that you may be interested in that lists foreclosures in Illinois as well as properties across the nation. Shows the property, details, etc. It's been a great help.