NYC homes worth $400M at risk of deed theft and predatory schemes — especially in 2 up-and-coming areas

Real Estate NYC homes worth $400M at risk of deed theft and predatory schemes — especially in 2 up-and-coming areas By Mary K. Jacob Published June 11, 2026, 3:14 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Hundreds of millions of dollars in New York City homes are slipping out of the hands of grieving families each year — picked off by predatory investors who exploit a legal gray zone created when homeowners die without leaving a will. That’s according to a new report from the Center for NYC Neighborhoods, which puts the scale of the crisis in stark terms. Roughly 350 lawsuits are filed annually in the five boroughs targeting homes caught in inherited ownership disputes, putting an estimated $400 million in property at risk every year.

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