Yonkers NY Foreclosures Homes for Sale

Here you will find all the foreclosure properties for sale in Yonkers, NY in Westchester County. Find homes for sale below market, sign up to receive alerts on newest foreclosure listings in Yonkers. 

Yonkers NY Foreclosures Overview

Are you looking for a bank foreclosure home for sale in Yonkers, New York? Bank Foreclosures Sale offers great opportunities to buy homes that may or may not need a little work but at times offer a big discount off market price of the home. You will find bank foreclosure REO homes for sale, government foreclosure homes for sale, and short sale homes for sale in Yonkers NY.

You may find foreclosure for sale in all price ranges, and in all types of homes, including condos, townhouses, single family homes, multi-family, and commercial properties.

Yonkers NY Bank Foreclosure Homes For Sale

Are you considering buying a foreclosed home in Yonkers NY? The foreclosed properties are also called real estate owned (REO) properties. An REO property is already owned by the lender, as a result of the previous owner not paying the mortgage and defaulting on the loan. This is also known as a foreclosure property or a bank-owned property.

Yonkers NY Short Sale Homes for Sale

You will also find short sale homes for sale in Yonkers NY. A short sale is a property that is still owned by the homeowner, but the homeowner is usually behind in payments, and owes more in mortgage than the house would currently sell for. Often a bank will allow a short sale if they believe that it will result in a smaller financial loss than foreclosing.

The short sale process involves the homeowner and the real estate agent attempting to get approval from the bank to sell the home for less than what is owned. The sales price depends on what the bank is willing to accept. Sometimes you can negotiate a substantially discounted price because the bank does not want to go through the lengthy and expensive foreclosure process.

Living in Yonkers NY

Yonkers is located just North of the Bronx and has lots of public transportation options. It is also a walkable town, and some of the residents get by without a car. There are Metro North stations in or close to Yonkers on both the Hudson and the Harlem Line. The stations include: Ludlow, Yonkers, Glenwood, and Greystone on the Hudson Line on the Western part of town, and Wakefield, Mount Vernon West, Fleetwood, Bronxville, Tuckahoe, and Crestwood on the Eastern part of the town. The train ride to Grand Central is 30 minutes or less during rush hour.

The Bee-Line Bus system provides bus service from Yonkers to other parts of Westchester. The MTA has some bus routes to Manhattan.

Driving from the Yonkers Metro North Station to Grand Central Terminal in NYC is 15 miles and takes around 35 minutes without traffic. The distance to White Plains is also 15 miles, and the drive is is around 25 minutes.

You will find Yonkers to be very diverse. Being a city, you will find lots of businesses and retail in Yonkers. Getty Square is where the city government is located. Along the Hudson River, you will find great plenty of homes and condos with river views. In the Northern part of Yonkers, bordering Bronxville, you will find large suburban estates in Lawrence Park and Cedar Knolls.

Students living at Yonkers attend schools at the Yonkers School District.

Yonkers Map

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