Baldwin paid $515,000 for the 1.4-acre home in Rockland County in 1997. In 2006, he tried unsuccessfully to sell it.
County filings show Baldwin and his wife Kennya defaulted on more than $824,000 in payments to mortgage holder Bankers Trust Co.
The auction is set for June 24.
A representative for Baldwin couldn't be reached for comment.
The actor has starred in movies such as "Bio-Dome" and "The Usual Suspects." Recently, he's appeared on reality television shows "The Celebrity Apprentice" and "I'm a Celebrity…Get Me Out of Here!"