Hundreds of foreclosed homes auctioned in NYC

March 8, 2009 9:30:01 AM PDT
Hundreds of foreclosed home are going to the highest bidder at a New York City auction. The auction is going on all day Sunday at the Jacob Javits Contention Center.

There are condos, single-family houses and duplexes in New York, New Jersey and Pennsylvania. Some are in good shape and some are advertised as fixer-uppers - with problems like mold, water damage and vandalism.

The auction is being run by the Real Estate Disposition Corp.

Sunday's sale is only the second one the company has held in New York City.


NEW YORK AND TRI-STATE AREA NEWS

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