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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Entering Manhattan Foreclosure Mart. Obvious Dangers? Posted by Caren on April 04, 2002 at 8:26 AM I want to buy foreclosed property in Manhattan, but I can't believe it would be easy. I fear the only stuff left is lumbered with liens and contingencies, that all the good properties would have been picked off by realtors/developers/builders/foreclosure experts. Does anyone know if there is really money to be made in the Manhattan market, or am I being naive? Also, what are the obvious dangers to watch out for? Like if I buy at auction, I would imagine I have to watch out for getting stuck with, say, a second mortgage, only to find out after the auction that it was a second mortgage I purchased and I now owe the first mortgage or the property is not mine. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I want to buy foreclosed property in Manhattan, but I can't believe it would be easy. I fear the only stuff left is lumbered with liens and contingencies, that all the good properties would have been picked off by realtors/developers/builders/foreclosure experts. : Does anyone know if there is really money to be made in the Manhattan market, or am I being naive? : Also, what are the obvious dangers to watch out for? Like if I buy at auction, I would imagine I have to watch out for getting stuck with, say, a second mortgage, only to find out after the auction that it was a second mortgage I purchased and I now owe the first mortgage or the property is not mine. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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