Properties listed here are the result of the various Trusts being the highest bidder at a Referee sale. If the foreclosing trust is the successful bidder it may or may not take title to the property. If it does not take title, TOWER, on behalf of the trust, will offer the successful bid for sale. At the closing the referee will deliver a referee’s deed to the purchaser During a marketing period after the auction, interested purchasers are expected to perform due diligence and may submit bids. You may send a bid to TOWER, attention: Auction Coordinator by fax (800-760-6956) or e-mail marketing@tcmfund.com. You must include your name, address, telephone number, fax number, the borough, block and lot identification of the property on which you are bidding and the amount of your bid. Following the marketing period, TOWER will conduct a sealed bid auction. Unlike a public auction which is held in the open and all interested parties can observe the bidding progress, a sealed bid auction requires the submission of a bid in writing without knowledge of how many parties are participating and what amount competitive bidders are bidding.
TOWER will start the sealed bid auction by faxing a Standard Bid Form to all parties who have expressed an interest in acquiring the property. The bid package describes the procedures to follow and contains the terms and conditions to participate. You can download the Bid form below.
Bids are subject to review and approval by a committee that evaluates all bids. TOWER will notify the successful bidder in writing and call to confirm to whom the Assignment of Bid Agreement should be forwarded. The successful bidder must execute and return the “Assignment and Assumption of Bid Agreement” (for foreclosure bids) or “Purchase and Sale Agreement” (for properties) together with the required 10% deposit within ten business days. Deposits must be made in certified or bank funds and will be held in an escrow account by the attorney representing the trust.
If the winning bidder does not return the signed “Assignment and Assumption of Bid Agreement” or the “Purchase and Sale Agreement” within the required ten day period, TOWER will either award the bid to the next highest bidder or conduct another round of bidding. Each auction is evaluated individually and is subject to committee approval.
The above is a brief summary of the sealed bid auction procedure. TOWER may modify the procedure at anytime. The Standard Bid Form will contain the procedure applicable to any particular auction. In the event of conflicts between the text on this website and the Standard Bid Form, the terms of the Standard Bid Form shall govern.
Closing on the Purchase of a Bid Assignment or Property
At the closing of the purchase of a foreclosure bid, the bid will be assigned to the purchaser and, at the same time, the referee will execute and deliver a referee’s deed conveying the property directly to the purchaser. If the property was owned by a foreclosing trust or a related company, the seller will deliver a quit claim deed or bargain and sale deed without covenants conveying the property to the bidder. Foreclosure bids and properties are sold “as is, where is, and with all faults” and neither TOWER nor any trust can make any representations or warranties. Accordingly, it is extremely important that potential purchasers conduct a thorough investigation prior to making a bid.
Garland Court, Brooklyn, NY, 11229
Asking - $16,000
BBL: 3-08830-0112
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
Ellwood Avenue, New York, NY, 10040
Asking - $35,000
BBL: 1-02174-0114
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
Amboy Road (24 car parking lot), Staten Island, NY, 10309
Asking - $29,000
BBL: 5-04645-0420
Building Class: Commercial, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
666 Shore Drive (Vacant), Bronx, NY, 10464
Asking - $25,000
BBL: 2-05486-0101
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
Steinway Street, Queens, NY, 11103
Asking - $12,500
BBL: 4-00676-0130
Building Class: Commercial (Other)
Property is behind these structures Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
43-04 158 STREET, Queens, NY, 11358
Asking - $15,000
BBL: 4-05415-1001
Building Class: Parkng Space, Cabana, Dock
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
VETERANS ROAD WEST, Staten Island, NY
Asking - $6,900
BBL: 5-07120-0019
Building Class: Commercial, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
HARLEM RIVER TERRACE, Bronx, NY
Asking - $25,000
BBL: 2-05716-0363
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
Boller Avenue (North of Neddham Ave, east side), Bronx, NY, 10466
Asking - $18,000
BBL: 2-04922-0140
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
BOLLER AVENUE, Bronx, NY, 10466
Asking - $20,000
BBL: 2-04921-0019
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
1489 EAST 96 STREET, Brooklyn, NY, 11236
Asking - $12,900
BBL: 3-08280-0035
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
Garland Court, Brooklyn, NY, 11229
Asking - $35,000
BBL: 3-08830-0113
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
47-26R 98th Street, Queens, NY, 11368
Asking - $24,000
BBL: 4-01879-0110
Building Class: Automotive, Sales or Repair
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-12-23
116th Ave (20 X 100 ft Alley), Queens, NY
Asking - $15,000
BBL: 4-11303-0105
Building Class: Residential, Vacant
Bidding closes: 2020-10-23
East 98th Street (Bet Ave L & K), Brooklyn, NY, 11236
Asking - $25,000
BBL: 3-08243-0165
Building Class: Residential, Less than 10 Units
Bidding closes: 2020-10-23
Prices Lane (Vacant Land), Staten Island, NY
Asking - $125,000
BBL: 5-00631-0007
Building Class: Residential, Less than 10 Units
Bidding closes: 2020-10-23
86 Street, Brooklyn, NY
Asking - $35,000
BBL: 3-07166-0001
Building Class: Residential, Vacant
Bidding closes: 2020-10-23
146 STREET (20' x 95' vacant land), Queens, NY, 11436
Asking - $25,000
BBL: 4-12064-0046
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
Englewood Ave 1.01 Acres zone R3-2 Zoned Residential, Staten Isalnd, NY, 10309
Asking - $150,000
BBL: 5-07349-0037
Building Class: Residential, Vacant
Bidding closes: 2020-10-23
Maria Lane, Staten Island, NY, 10312
Asking - $29,000
BBL: 5-05507-0207
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
101 14th Avenue, (20ft X 37ft interior lot), Brooklyn, NY, 11218
Asking - $19,000
BBL: 3-05351-0101
Building Class: Commercial (Other)
Bidding closes: 2020-10-23
2074 Tillotson Avenue, Bronx, NY, 10475
Asking - $40,000
BBL: 2-05232-0001
Building Class: Residential, Vacant
Bidding closes: 2020-10-23
Mill Road, Brooklyn, NY
Asking - $40,000
BBL: 3-06911-0049
Building Class: Residential, Vacant
Bidding closes: 2020-10-23
712R East 214th St (50 ft x 25 ft R7A), Bronx, NY, 10467
Asking - $40,000
BBL: 2-04661-0112
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
Bentley St, Staten Island, NY, 10307
Asking - $14,000
BBL: 5-08003-0093
Building Class: Commercial, Vacant
Bidding closes: 2020-10-23
179 Monroe Street, Storage Unit S2, Brooklyn, NY, 11216
Asking - $14,000
BBL: 3-01812-1010
Building Class: Parking, Open Storage
Bidding closes: 2020-10-23
154 Attorney Street, Roof Storage Unit R3, Manhattan, NY, 10002
Asking - $20,000
BBL: 1-00345-1037
Building Class: Residential, Condo
Bidding closes: 2020-10-23
138-35 Elder Avenue, Parking Unit 76, Queens, NY, 11355
Asking - $7,000
BBL: 4-05137-1076
Building Class: Parkng Space, Cabana, Dock
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
Ditmas Avenue (10 X 40 ft lot), Brooklyn, NY, 11236
Asking - $15,000
BBL: 3-07911-0159
Building Class: Automotive, Sales or Repair
Bidding closes: 2020-10-23
138-35 Elder Avenue, Parking space 53, Queens, NY, 11355
Asking - $6,000
BBL: 4-05137-1053
Building Class: Parkng Space, Cabana, Dock
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
1142 Bedford Avenue, Residential Roof Unit 7A, Brooklyn, NY, 11216
Asking - $50,000
BBL: 3-01986-1032
Building Class: Office Building
Bidding closes: 2020-10-23
Crescent Street, Brooklyn, NY, 11208
Asking - $15,000
BBL: 3-04566-0080
Building Class: Residential, Vacant
Bidding closes: 2020-10-23
14 Avenue (79ft X 54ft triangle, vacant lot), Queens, NY, 11357
Asking - $40,000
BBL: 4-04541-0010
Building Class: Residential, Less than 10 Units
Bidding closes: 2020-10-23
141 Street (60ft X 20 ft trianglular parking lot), Queens, NY, 11435
Asking - $10,000
BBL: 4-11926-0038
Building Class: Residential, Vacant
Bidding closes: 2020-10-23
Dongan Hills Avenue, Staten Island, NY
Asking - $7,000
BBL: 5-03753-0023
Building Class: Residential, Less than 10 Units
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2020-10-23
102nd Street, Queens, NY, 11414
Asking - $10,000
BBL: 4-14225-0040
Building Class: Residential, Vacant
Bidding closes: 2020-10-23
Church Street, Queens, NY
Asking - $15,000
BBL: 4-14225-0130
Building Class: Residential, Vacant
Bidding closes: 2020-10-23
3150 Miles Ave (25 ft X 100 ft Vacant Land), Bronx, NY, 10465
Asking - $10,000
BBL: 2-05519-0001
Building Class: Vacant Land (Residential)
Bidding closes: 2020-10-23
134-28 159th Street, Queens, NY, 11434-3722
Asking - $15,000
BBL: 4-12297-0019
Building Class: Residential, Vacant
Bidding closes: 2020-08-21
Seguine Avenue, 82ft X 125ft vacant land, Staten Island, NY
Asking - $7,500
BBL: 5-06712-0357
Building Class: Residential, Vacant
Bidding closes: 2020-10-23