Westchester Foreclosures and REO Properties

The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust." Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien."

Real estate owned or REO is a class of property owned by a lender - typically a bank, government agency, or government loan insurer - after an unsuccessful sale at a foreclosure auction. A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of the foreclosure property. As soon as the beneficiary repossesses the property it is listed on their books as REO.

If you are in a distressed situation and are considering selling your home, learn what your options are here.

 

Westchester Foreclosures & REOs

Westchester County, New York

All Westchester County MLS Foreclosure & REO Listings

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000
3511 Cambridge Avenue, Bronx
  • Commercial
  • 0 Beds
  • 0 Baths
  • 18,038 SqFt

3511 Cambridge Avenue, Bronx

$6,400,000 ↓ $450,000
4 Cowdray Park Drive, Armonk
  • Single Family
  • 7 Beds
  • 9 Baths
  • 14,066 SqFt

4 Cowdray Park Drive, Armonk

$2,862,990 ↓ $150,685
1 Renaissance Square Ph37c, White Plains
  • Condominium
  • 2 Beds
  • 4 Baths
  • 3,808 SqFt

1 Renaissance Square Ph37c, White Plains

$2,699,000 ↓ $100,000
789 West End Avenue 6c, New York
  • Co-Operative
  • 3 Beds
  • 3 Baths
  • 1,726 SqFt

789 West End Avenue 6c, New York

$1,899,000 ↓ $91,900
27 June Road, North Salem
  • Single Family
  • 5 Beds
  • 8 Baths
  • 10,562 SqFt

27 June Road, North Salem

$1,799,000 ↓ $50,000
30 West 61st Street 12a, New York
  • Condominium
  • 2 Beds
  • 2 Baths
  • 1,247 SqFt

30 West 61st Street 12a, New York

$1,675,000 ↓ $75,000
205 Polly Pk Road, Rye
  • Single Family
  • 5 Beds
  • 6 Baths
  • 7,760 SqFt

205 Polly Pk Road, Rye

$1,570,000 ↓ $10,500
208 Keeler Lane, North Salem
  • Single Family
  • 4 Beds
  • 5 Baths
  • 10,606 SqFt

208 Keeler Lane, North Salem

$1,489,125 ↓ $78,375
9 Threshing Rock Road, Pound Ridge
  • Single Family
  • 5 Beds
  • 5 Baths
  • 6,315 SqFt

9 Threshing Rock Road, Pound Ridge

$1,199,900 ↓ $50,000
14 Leatherstocking Lane, Mamaroneck
  • Single Family
  • 4 Beds
  • 4 Baths
  • 2,789 SqFt

14 Leatherstocking Lane, Mamaroneck

$1,195,000 ↓ $54,000
150 Mount Tom Road, Pelham
  • Single Family
  • 3 Beds
  • 5 Baths
  • 5,192 SqFt

150 Mount Tom Road, Pelham

$1,175,000 ↓ $60,500
32 Andrea Lane, Scarsdale
  • Single Family
  • 4 Beds
  • 3 Baths
  • 2,466 SqFt

32 Andrea Lane, Scarsdale

$999,999
100 Old Post North Road, Croton-on-Hudson
  • Single Family
  • 5 Beds
  • 6 Baths
  • 5,300 SqFt

100 Old Post North Road, Croton-on-Hudson

$999,900
0 Scotts Corner Drive, Montgomery
  • Commercial
  • 0 Beds
  • 0 Baths
  • 0 SqFt

0 Scotts Corner Drive, Montgomery

$999,000 ↓ $251,000
2930 East 194 Street, Bronx
  • Multi-Family 2-4
  • 4 Beds
  • 4 Baths
  • 3,200 SqFt

2930 East 194 Street, Bronx

$995,000

 

*Not all Foreclosure and REO properties come through the MLS.*

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*Not all Foreclosure and REO properties come through the MLS.*

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Hudson Gateway MLS Logo The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Ragette Real Estate are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

Information deemed reliable but not guaranteed.

© 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on May 25th, 2019 at 7:58am EDT.

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