Some Hudson Valley homes auctioned off

An auction of foreclosed homes in Manhattan Sunday included some from the Hudson Valley.

A 3,300-square-foot home in Port Chester received a starting bid of just $149,000. Another home in Yonkers sold for $340,000, and one in Nyack sold for $115,000. The whole auction process struck some as unseemly.

"I think it's ridiculous that we are gaining from what people have lost and I don't think it's fair," says Stephanie Graham, of Yonkers.

In a sign of the difficult economic times, banks looking to unload bad debt and investors in search of a deal descended on the Jacob Javits Convention Center in Manhattan Sunday for the auction of New York metro-area homes that had been foreclosed on.

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