Catskills Region Real Estate Auctions and Short Sales
Catskills Region Real Estate Auctions and Short sales have a long history. Traditionally lawyers have conducted foreclosure auctions on behalf of the courts, which often resulted in the mortgagee, often banks, taking the properties back rather than allowing them to sell for less than their market value. Located throughout Dutchess, Columbia, Ulster and Greene counties which have become an important part of the real estate market. Many owners have had difficulty maintaining payments on their mortgages. Sometimes these owners will auction their properties directly.
Professional auctioneers also provide services in Catskills Region Real Estate Auctions. Owners in danger of foreclosure will attempt to attract buyers through real estate auctions and short sales. Typically auctioneers for Catskills Region auctions and short sales charge the buyer for the commission, but this adds to the price of the property. They also charge an advertising fee which in some cases may be close to 10% of the value of the property.
Our Catskills Region Real Estate Auctions
But our approach is much less costly for both buyer and seller. The sales commission is the same as if we were to sell the property through a regular sale. And we do not charge for advertising, unless the Seller wants special additional advertising. All bids are subject to acceptance by the Seller. For complete terms and conditions look at the bottom of this page. Listed below our our current auction properties.
- Catskill Ranch 3BR2BA 12 Acres Private Setting 12414
- Catskill Ranch 3BR2BA 12Acres Private Setting. This 3BR 2BA Ranch style home is on 12.4 Acres of land and is 2,000SF of living space. Located on Lilac Lane in the Town of Catskill it is in a lovely private setting.
- Contact: David Birch
- Cell Number: 518-928-7239
- $275,000
- Catskill NY Sidehall Colonial Auction Property 12414
- Catskill Multifamily 4 Units Auction Property. Auction Property Bid By 12-15-2019. Totally tastefully renovated Side Hall Colonial, in nice village setting. 4 bedrooms 1.5 baths. Contact David Birch at davidbirch7733@gmail.com for more information.
- Contact: David Birch
- Cell Number: 518-928-7239
- $269,000
- Greene County Restaurant Auction 5/30/20 Cairo, NY 12413
- Stone Restaurant Cairo NY 12413. Former Stone Tower Restaurant in Cairo, NY. Great opportunity to own a restaurant. Full kitchen, 6 x 8 walk in refrigerator, bar, stone fireplace and two floors of dining room seating.
- Contact: David Birch
- Cell Number: 518-928-7239
- $189,000
- Sleepy Hollow Lakefront Lot .39 Acre 12051 SOLD
- Sleepy Hollow Lakefront Prime Lot .39 Acre. This is a great lakefront building lot on Tammy Trail in Sleepy Hollow Lake area with luxury Homes on either side. The owner must sell, make an offer!
- Contact: David Birch
- Cell Number: 518-928-7239
- $79,000
- Catskill NY Village Land Auction 2 Adjoining Lots 12414 SOLD
- Catskill NY Village Land 2 Adjoining Building Lots. A great opportunity for two adjoining lots on Bartow Street in Catskill, on a dead end road.
- Contact: David Birch
- Cell Number: 518-928-7239
- $17,500
- Catskill Commercial Land Auction Multifamily Zoned Property 12414
- ON 3/4 OF AN ACRE ZONED COMMERCIAL AND MULTIFAMILY TOWN WATER AND SEWER PRE APPROVED FOR 20 28 APARTMENTS OR 10000 SF WAREHOUSE SPACE NEAR DOWNTOWN CATSKILL BARN SHED WELL HOUSE ON PROPERTY
- Contact: David Birch
- Cell Number: 518-928-7239
- $139,000
- Cairo Commercial 5000SF 6 Acres Sold
- Cairo Commercial 5000SF 6 Acres Great Deal. This property on 6 Acres of land has two 2500 SF spaces previously used as former nightclub and gaming room. Realize your dreams in this incredible opportunity with unlimited expansion possibilities.
- Contact: David Birch
- Cell Number: 518-928-7239
- $125,000
- Sleepy Hollow Auction Lakefront 1.23 Acres Bids by 6/30/19 12015
- Sleepy Hollow Auction Lakefront 1.23 Acres Bids by 6/30/19 12015 - 1.23 Acre parcel on Sleepy Hollow Lake. This property is a must see!
- Contact: David Birch
- Cell Number: 518-928-7239
- $129,000
- Sleepy Hollow Lakefront Auction 2.50 Acres Bids anytime by 6/30/19
- Sleepy Hollow Lakefront Auction 2.50 Acres Bids anytime by 6/30/19 12015. 2.50 Acre parcel on Sleepy Hollow Lake. Perfect for your dream home!
- Contact: David Birch
- Cell Number: 518-928-7239
- $89,000
- Sleepy Hollow Lake House Auction -3500sf on 2 Levels 12015
- Sleepy Hollow Lake Auction - Bids anytime by 6/30/19 12015. Unfinished house in Sleepy Hollow lake development. Adjacent lot also available.
- Contact: David Birch
- Cell Number: 518-928-7239
- $110,000
Our Auction Terms and Conditions
1. Bids may be submitted at any time up to the designated cut-off by e-mail to Davidbirch7733@gmail.com or by phone to 518-392-6400 or 800-398-8802.
2. Bids must be accompanied by a name, address, and phone number, which can be used for verification of bid. The time frame for bids may be extended at the sole discretion of the Broker.
3.The successful bid is the highest submitted bid, which is accepted by the Seller.
4.The successful bidder will have 24 hours to sign a standard form Global MLS sales contract which accepts the condition of the property “as is” and includes a 10% deposit. If not signed within 24 hours the Broker will contact the back-up bidder.
5. At the signing of the contract the seller must provide an Attorney’s name to be included in the contract, along with phone and fax numbers, or a statement to the effect that he/she is not using an Attorney.
6. Once signed by both parties, the contract will be faxed to the attorneys for the buyer and the seller. 7. If either attorney objects within 72 hours the contract will be cancelled and the deposit returned. If neither attorney objects the contract shall become firm and the deposit is non-returnable, except if good title cannot be provided.
8. Closings are ordinarily set for 30 days after the contract is signed by both parties, but may be extended by mutual agreement.
9. At the Seller’s discretion a mortgage contingency may be included in the contract.
Call the agent directly or if you prefer call our 800 number for immediate assistance. We have agents particularly well versed in real estate auctions and short sales
More on Bank Foreclosures
Typically when banks auction foreclosed properties, they bid at the auction and take possession of the property, rather than allowing the sale at the low auction price. The result has been a high level of bank owned properties.
This trend was further reinforced by the prevalence of owners who could not make payments and instead of facing foreclosure decided to give a deed on the property back to the bank.This practice described as “ a deed in lieu of foreclosure” saves both parties the expense of going through the foreclosure process.
In this situation the bank and the owner acknowledge that the value of the mortgage on the property exceeds the market value of the property. In order to sell the property the bank and the owner agree to work together to find a qualified buyer. The bank is often willing to accept an amount less than the mortgage rather than go through the foreclosure process with its added costs.
Many banks hire companies to handle their real estate auctions short sales and place their listings with real estate brokers. In some cases they try to sell them directly. While banks often sell their properties at attractive prices, the process of purchasing bank owned properties, or “short sales” may involve long time frames.
Because of the work involved in real estate auctions short sales, agents may ask that you enter into a buyer agency agreement for representing you on these properties. This allows the agent to work on your behalf and know that if a sale goes through they will be able to collect a commission.
Displayed below are our newest real estate auctions and short sales. If you select the price search you will see listings displayed with the higher priced properties first.
On the left margin you can select any of the regional multiple list systems to access the most up to date information on a specific region or county.
Other Websites to Search for Auction Properties
1. New York State website for marketing surplus real estate https://ogs.ny.gov/real-estate/real-estate-auctions
2. New York State residential real estate www.propertyauction.com/Residential-Real-Estate-Auctions-in-New_York.cfm
3. Residential and commercial real estate in New York www.auction.com/all/ny/
4. New York State foreclosed and bank owned properties nyforeclosures.com/
5. New York State tax auctions www.nysauctions.com/
6. HUD Foreclosures www.hudforeclosed.com/hud-homes/new-york-government-foreclosures
7. Hubzu www.hubzu.com/
8. J. J Manning www.jjmanning.com/
CLICK HERE TO SEARCH 9 HUDSON VALLEY MLS SYSTEMS:
If you want the most comprehensive search of all properties for sale throughout the Hudson Valley you need to search directly the multiple list systems for the areas of your interest.