A property auction has been announced for the Hudson Valley area of upstate New York and New Jersey.
United Country Real Estate revealed that the auction will be held on March 22nd, with 60 lots available, including waterfront property, land parcels and family homes.
Acquiring property in this fashion offers many advantages to investors, commented auctioneer with the company Rob Doyle.
He remarked: "This format allows qualified buyers the opportunity to see a variety of available homes and income properties and determine their current fair market values through the bidding process."
Many people looking to buy a property in the USA may find auctions are a useful way of finding a bargain, with many of these being foreclosed properties.
According to figures from research firm RealtyTrac, New York state saw 4,301 foreclosure filings last month, while there were 3,279 in New Jersey.