What is your motivation in buying a foreclosure? If it is to save money, you are probably barking up the wrong tree. Foreclosures are NOT big bargains. Do not forget that you are dealing with an owner - except that the owner is a BANK and they want as much $$$ as they can get. You may also inherit a host of structural problems from deferred maintenance. Also, owners who are foreclosed on often trash the house before it is vacated. For the average buyer - looking for a place to live, I consider foreclosures to be very, very risky.

Thu Dec 20 2007, 00:58

Feel free to email me. I have many properties in Westchester County that are in foreclosure. I am not a realtor.

Mon Dec 17 2007, 13:28

There are a few ways to get foreclosure data, they involve a bit of homework, and no one is really - or likely to just tell the whole world their method. You need access to city/county records, you have to look at filings, then go see the property, find the owner, yadda, yadda...the papers ahve several "public notice" sections to read through, and the gov't has properties, HUD homes, that can be found publicly, but most sites require a fee. There is so much background work that needs to be done, the fee is sort of nominal for what you will get. Lis Pendens is really where the work begins, once something is in foreclosure, the competition is generally fierce.

NYC has ACRIS, the finance database, but it is not easy to navigate and identifying documents etc can be cumbersome, many sites offer free tirals with full access, I would try one out. Wish I could help more, perhaps someone else can offer insight.

Mon Dec 3 2007, 12:56

Be forewarned that a foreclosed house may need some work....updating, repairs and so on, so be prepared to spend some money once you buy one, if at all...above all, tread carefully.

Mon Dec 3 2007, 12:37