Putnam County Foreclosures
Putnam County in the state of New York is one of the wealthiest counties in all of the United States, based on its median household income ($72,279) and per capita income ($30,127). One wonders then how residents of such an affluent district can still fall to home foreclosures. One reason is that the cost of living in Putnam is also very high at 143.2 index, higher than the US average of 100.
Properties included in the Putnam foreclosure listings are those by owners who became delinquent in paying their mortgages, those who declared bankruptcy, as well as those who abandoned properties and discontinued payment of obligations both to the property developer and the local property tax agency. These abandoned homes are often subjected to foreclosure auctions.
Putnam Country foreclosures are geographically diverse, while those in the more high-profile zones like the county seat Carmel, Brewster and Putnam Valley are more likely to be found advertised in foreclosure listings in newspapers and on the Internet. These three towns have the most number of foreclosure listings in the county. The average bid price for foreclosed Putnam properties is about $100,000 for a 3-bedroom house in Mahopac to over $500,000 for a larger property in upscale Putnam Valley.
Finding great deals in Putnam County foreclosures is easy. The Internet offers updated foreclosure listings and propertries on foreclosure auctions within Putnam County. Great sites to check these deals include www.foreclosurelistinfs.com, www.www.foreclosurefreesearch.com, www.bankforeclosuressale.com, www.nyforeclosure.foreclosure.com and www.government-auctions-guide.com.