What’s the best method/option to look for a foreclosed home??

[Aja Stout]

I’d like to know what’s the best place I should look into when looking for foreclosed properties to purchase, and possibly rent out. Thanks a bunch.

[Mike Sedlacek]

New York is a judicial state and all foreclosures have to go to court first. It can take as long as 18 months for that to happen. It all depends on the court calendar. I have gone after default notices and found them at the county clerk office book of defaults and have contacted the home owners to strike a deal. You can back pay the monthly mortgage payments past due, stop foreclosure and purchase the property. In Syarcuse go to the county clerks office, they will direct you to where to look. Also, more than likely, they haven't paid the property taxes, so look up the taxes while you are there.