An auction of New York property has been announced, which will take place this weekend.

The Hudson Valley homes, some of which are in New York state and some in New Jersey, will be sold off on Sunday March 22nd, United Country Real Estate has revealed.

Of the 60 lots available, some are family homes and others are waterfront properties, with land parcels and commercial premises also included.

Such an event and others like it could help New York property seekers to find a bargain in the state.

Commenting on the sales process, auctioneer with the firm Rob Doyle said: "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 of those searching for New York property could look for a cheap deal by picking up a recently foreclosed home.

According to figures from research firm RealtyTrac, there were 4,301 new filings in the state in February.

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