Auction Held For About 100 Foreclosured Homes In New York City Area
ELIZABETH, NJ - JUNE 20: A man looks at homes to be auctioned at an auction for more than 25 foreclosed homes by auctioneers from Hudson & Marshall at the Renaissance Newark Airport Hotel on June 20, 2009 in Elizabeth, New Jersey. The homes are sold as-is, and the auction house recommends that bidders visit properties with a real estate agent before bidding. Winning bidders must put down a $2,500 down payment with either cash or a cashier's check made payable to the bidder. The company has auctioned 205 New Jersey homes this year and held two auctions of foreclosed homes. (Photo by Spencer Platt/Getty Images)
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