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 - $3,000
BBL: 3-08830-0112
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2024-07-26
666 Shore Drive (Vacant), Bronx, NY, 10464
Asking - $15,000
BBL: 2-05486-0101
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes:
Ellwood Avenue, New York, NY, 10040
Asking - $5,000
BBL: 1-02174-0114
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes:
Mill Road, Brooklyn, NY
Asking - $10,000
BBL: 3-06911-0049
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2024-09-20
179 Monroe Street, Storage Unit S2, Brooklyn, NY, 11216
Asking - $3,000
BBL: 3-01812-1010
Building Class: Parking, Open Storage
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2024-09-20
10816 FLATLANDS 9TH ST, PARKING SPACE # 82, Brooklyn, NY, 11236
Asking - $3,000
BBL: 3-08273-1082
Building Class: Parkng Space, Cabana, Dock
Bidding closes: 2024-09-20
10849 Flatlands 9th Street, Outdoor Parking Space #137, Brooklyn, NY, 11236
Asking - $3,000
BBL: 3-08273-1137
Building Class: Parkng Space, Cabana, Dock
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2023-09-08
Main Street, Staten Island, NY
Asking - $175,000
BBL: 5-08003-0109
Building Class: Commercial, Vacant
Bidding closes: 2024-09-20
172-19 140th Avenue, Queens, NY, 11434
Asking - $175,000
BBL: 4-12578-0001
Building Class: Clubs, Halls
Bidding closes: 2024-09-20
85-34 75 STREET, JAMAICA, NY, 11421-1049
Asking - $125,000
BBL: 4-08838-0050
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
460 E 79TH ST ST, Cellar Storage units #1-2, New York, NY, 10075-1443
Asking - $125,000
BBL: 1-01473-1302
Building Class: Commercial, Store
Bidding closes: 2024-09-20
120 GREENWICH STREET, Terrace Unit 1, New York, NY, 10006
Asking - $30,000
BBL: 1-00053-1145
Building Class: Parkng Space, Cabana, Dock
Bidding closes: 2024-09-20
ALEX CIRCLE, Staten Island, NY, 10305
Asking - $25,000
BBL: 5-03123-0130
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
1224 EAST 82 STREET, PARKING SPACE G48, Brooklyn, NY, 11236
Asking - $5,000
BBL: 3-08060-1032
Building Class: Parkng Space, Cabana, Dock
Bidding closes: 2024-09-20
Woodside Avenue, Queens, NY
Asking - $30,000
BBL: 4-01294-0083
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
Oceanside Ave, Staten Island, NY, 10305
Asking - $32,000
BBL: 5-03491-0130
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
1455 E 108th St, Parking Space # 101, Brooklyn, NY, 11236-4777
Asking - $2,500
BBL: 3-08273-1101
Building Class: Parkng Space, Cabana, Dock
Bidding closes: 2024-09-20
1476 67 STREET, Parking Space # 3, Brooklyn, NY, 11219
Asking - $5,000
BBL: 3-05769-1105
Building Class: Parkng Space, Cabana, Dock
Bidding closes: 2024-09-20
DONGAN HILLS AVE, STATEN ISLAND, NY, 10305
Asking - $161,000
BBL: 5-03753-0021
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
Hegeman Ave, Brooklyn, NY
Asking - $10,000
BBL: 3-04305-0044
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
1142 BEDFORD AVE, Storage unit # 9, New York, NY, 11216
Asking - $5,000
BBL: 3-01986-1057
Building Class: Industrial, Storage Bay
Bidding closes: 2024-09-20
TARLTON STREET, 25 ft X 80 ft vacant land, New York, NY
Asking - $20,000
BBL: 5-04793-0031
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
RIVERSIDE LN, STATEN ISLAND, NY, 10302
Asking - $10,000
BBL: 5-01116-0155
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
529 CLINTON ST, CONDO UNIT #100, BROOKLYN, NY, 11231-3300
Asking - $80,000
BBL: 3-00377-1001
Building Class: Commercial Condominiums
Bidding closes: 2024-09-20
82-40 51ST AVE, 42ft X 80 ft in front of garage, FLUSHING, NY, 11373
Asking - $35,000
BBL: 4-01542-0011
Building Class: Commercial, Vacant
Bidding closes: 2024-09-20
641 WATKINS STREET, Brooklyn, NY, 11212
Asking - $175,000
BBL: 3-03639-0032
Building Class: Residential, Less than 10 Units
Bidding closes: 2024-09-20
138-35 Elder Avenue, Parking Space #96, Queens, NY, 11355
Asking - $5,000
BBL: 4-05137-1096
Building Class: Parkng Space, Cabana, Dock
Bidding closes: 2024-09-20
NE Corner of Huxley St and 149th Dr, Rosedale, NY, 11422
Asking - $15,000
BBL: 4-13645-0001
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
138-35 Elder Avenue, Parking Space #90, Queens, NY, 11355
Asking - $3,000
BBL: 4-05137-1090
Building Class: Parkng Space, Cabana, Dock
Bidding closes: 2024-09-20
1110 Castleton Avenue, Staten Island, NY, 10310
Asking - $350,000
BBL: 5-00209-0058
Building Class: Stadium, Theater, Fairgrnd
Bidding closes: 2024-09-20
196 E 94th St, Brooklyn, NY, 11212-2039
Asking - $600,000
BBL: 3-04629-0011
Building Class: Clubs, Halls
Bidding closes: 2024-09-20
504 BEACH 43 STREET, FAR ROCKAWAY, NY, 11691-1215
Asking - $75,000
BBL: 4-15960-0053
Building Class: Residential, Single Family
Bidding closes: 2024-09-20
Gigi Street, block 1158, lot 105, Staten Island, NY
Asking - $4,400
BBL: 5-01158-0105
Building Class: Commercial, Vacant
Bidding closes: 2024-09-20
2303 E 13TH ST, BROOKLYN, NY, 11229-4305
Asking - $300,000
BBL: 3-07398-0001
Building Class: Residential, Single Family
Bidding closes: 2024-09-20
LANSING STREET, Staten Island, NY, 10305
Asking - $10,000
BBL: 5-03401-0016
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
1040 VAN DUZER ST, STATEN ISLAND, NY, 10304
Asking - $40,000
BBL: 5-00623-0125
Building Class: Residential, Vacant
Bidding closes: 2024-09-20
198-210 16 STREET, PARKING SPACE #15, Brooklyn, NY, 11215-8436
Asking - $20,000
BBL: 3-01053-1247
Building Class: Parkng Space, Cabana, Dock
Bidding closes: 2024-09-20
770C LEFFERTS AVE, PARKING UNIT # 22, New York, NY, 11203
Asking - $10,000
BBL: 3-01429-1222
Building Class: Parkng Space, Cabana, Dock
Bidding closes: 2024-09-20
BEACH AVENUE, New York, NY
Asking - $73,000
BBL: 2-03521-0049
Building Class: Residential, Vacant
Bidding closes:
770C LEFFERTS AVE, PARKING UNIT # 26, New York, NY, 11203
Asking - $5,899
BBL: 3-01429-1226
Building Class: Parkng Space, Cabana, Dock
Bidding closes: