How do we buy a foreclosure with no money?

[Andrea Daniel]

Not sure if this is the right place for this question. My husband and I just purchased a home in December so we used the majority of our savings for down payment and closing costs. The house right behind us (we live in Long Island NY) just foreclosed yesterday. Well that’s when the bank came and cleared everything out. We are interested in getting into real estate and would love to know what our options are to purchase this home rehab it and rent it out. Also, this was previously an auction home. It’s auction price was $206 and it sold for $353k in February of this year. Any advice or suggestions are welcomed! Help! Lol